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FOR IMMEDIATE RELEASE Contact: Miriam Frankel Alpine Commercial Capital (646) 442-4220 Mfrankel@AlpineCC.com Alpine Commercial Capital Launches Small-Balance Commercial Lending Program New York, NY (January 3, 2007) – Alpine Commercial Capital announced today it has launched Alpine Capital Finance (ACF), specializing in originating, acquiring and securitizing commercial mortgage loans throughout the United States. ACF offers (1) non SBA financing for owner-occupied small business real estate loans; (2) conventional financing for commercial investment properties; and (3) multifamily and mixed-use property financing. Loan amounts range from $500,000 to $5 million and all programs are offered both on a stated and fully-documented basis. ACF also offers bridge financing / hard money loans ($1 million - $100 million) for quick closes (generally 10 business days), renovations, vacant property acquisitions, poor credit, etc. Since September 2006, ACF has funded small balance commercial loans totaling over $28 million. Below are some representative ACF transactions: (1) $5.35 million refinancing of a multi-tenant strip mall in Houston, TX (2) $4.30 million renovation loan for multi-tenant retail center in Rhode Island (3) $2.10 million refinancing and construction loan for a bowling alley in Panama City, FL (4) $1.50 million cash-out refinancing of an owner-occupied supermarket in Turlock, CA (5) $1.50 million acquisition of an investment retail strip center in Arlington, TX (6) $1.40 million construction loan to complete the development of a mixed-use building in Brooklyn, NY (7) $1.20 million renovation loan for an owner-occupied tennis, swim, and fitness club in Augusta, GA (8) $1.12 million acquisition loan for an investment retail strip center in Rockland County, NY. (9) $960,000 acquisition loan for an owner-occupied multi-tenant office building in Phoenix, AZ. ACF plans to continue its success and scale the lending platform in 2007. “Alpine Capital Finance will set a new standard for small balance lending,” stated Greg Hersly, Managing Director of Alpine Commercial Capital. “ACF delivers an extensive platform of small balance debt products on a national basis with the highest level of professionalism, efficiency and reliability.” “We believe that the small balance commercial lending market is extremely fragmented and inefficient. Local and regional banks collectively fund a majority of the small balance volume in the United States, concentrated in their respective geographic domain,” explained Joshua Zegen, President of Alpine Commercial Capital. “ACF plans to fill this void in the space by providing comprehensive national loan programs to our broker network and referral sources.” ACF is an integral part of the commercial loan products offered by Alpine Commercial Capital including: Structure Finance Solutions, Large Loans via Alpine’s Wall Street and Insurance Company Partners and Bridge Loan Financing. Alpine Commercial Capital offers a superior variety of financing solutions. About Alpine Commercial Capital Alpine Commercial Capital is a national, privately held real estate advisory firm specializing in real estate capital transactions including senior debt, structured debt, bridge capital, mezzanine debt and joint venture equity. Alpine's clients include some of the most active developers and owners both nationally and in the New York metropolitan area. Alpine has offices in New York, NY and Beverly Hills, CA. Visit us at www.alpinecc.com.
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