100 per cent Commercial real estate financing secured for Lord`s Castle Resort development project

Released on = April 29, 2006, 8:40 am

Press Release Author = Jen Peterson

Industry = Real Estate

Press Release Summary = 400Bankers.com has closed a $120,500,000 commercial property
loan for resort development project in Las Vegas area, NV. Nestled on 450 acre
property, it will be a place for people to feel as if they have been transported
back to another time.

Press Release Body = April 29, 2006 -- 400Bankers.com has closed a $120,500,000
commercial property loan for resort development project in Las Vegas area, NV.
Nestled on 450 acre property, it will be a place for people to feel as if they have
been transported back to another time. The owner of the project, PMCBS, a commercial
real estate investor and property manager who was looking to finance this dream for
a long time. PMCBS didn't have the assets and support to finance this project so
they turned to 400Bankers.com and it's investors to finance this project. With only
$4MM net worth and a start-up company, PMCBS was unable to get funding from
traditional lenders. 400Bankers.com was able to structure 100% financing with
collateral providers from which 40% of loan was debt free.

The borrower locked rate at 6.25%. This non-recourse commercial mortgage has a 30
year amortization schedule and closed within 63 days of application. Jessica Hudson,
commercial loan officer of Hudson Funding Group and member of 400Bankers.com
network, was the originator for this transaction.

About 400Bankers.Com

400Bankers.com (www.400bankers.com ) is a national and international commercial
mortgage loan bankers network for real estate projects between $200,000 and
$10,000,000,000. 400Bankers.com has over four hundred lenders and private investors
in it's network. The network consists of commercial loan experts who are unmatched
in efficiency and financing terms.


Web Site = http://www.400bankers.com

Contact Details = 400bankers.com
Jen Peterson
Marketing
PO Box 441
Wilmington, MA
news400bankers@yahoo.com

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