East Bank Capital Issues a Letter of Agreement for a $53.5M Loan

Letter of Agreement issued with sample Closing Loan Agreements for a Commercial Finance Loan.
 
 
Oct. 8, 2012 - PRLog -- October 8th, 2012:  EB Capital, LLC (“East Bank Capital”) today announced that it has issued its Letter of Agreement with sample Closing Loan Agreements  for a Commercial Finance Loan (“Loan”) of Fifty Three Million, Five Hundred Thousand and 00/100 Dollars (USD $53,500,000.00).  The proceeds of the Loan will be used for working and development capital for the proposed luxury resort and Exclusive 5 Star resort on the Caribbean island of Barbados, overlooking the Caribbean Sea.

The Borrower and its operating partners are a world known resort and management firm operating luxury hotels and resorts around the world.  The company currently operates in the United States and the United Kingdom.

"The Loan will help service the recovering resort industry in the Caribbean and help the economy to its road to recovery.  The natural beauty and service oriented culture has been a destination for the most discerning traveler for many decades.” said Josh Estes, Managing Director of East Bank Capital.

East Bank Capitals purpose is to enable its clients to seize opportunities in emerging markets thru privately placed secured structured loans.  We build value for our shareholders and strategic alliances thru the strength of our customers’ satisfaction and by consistently producing superior results.  We strive to be the preferred financial partners in helping our clients succeed in the world's rapidly evolving markets.  East Bank Capital is one of the nation's leading Project Finance Lenders specializing in Energy, Corporate and Entertainment sectors.

Forward-Looking Statements:

These forward-looking statements are not guarantees of future performance. All subsequent oral or written forward-looking statements attributable to EastBank Capital or any of their respective members, directors, officers or employees or any persons acting on their behalf are expressly qualified in their entirety by this cautionary statement. All forward-looking statements included in this announcement are based on information available to EastBank Capital on the date of this announcement and are made only as of the date of this announcement. Undue reliance should not be placed on such forward-looking statements.
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Page Updated Last on: Apr 24, 2013
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