Atherton Capital Announces Nationwide Real Estate Lending Program
17 November 1999
Atherton Capital Incorporated Announces New Nationwide Real Estate Lending Program; New Lending Initiative to Focus On Branded Retail Real Estate
SAN BRUNO, Calif.--Nov. 16, 1999--Atherton Capital Incorporated, a nationwide specialty retail lender, announced today a new, revolutionary lending program for owners of property leased to approved restaurant, gas station, convenience store, car care and other specialty retail concepts.The program, Atherton Real Estate Direct, is designed for properties tenanted by either corporately owned stores or stores owned by franchisees of these chains. One loan product will fully amortize over as long as 25 years while an additional product offered by Atherton will be a 10-year balloon loan, with up to 25-year amortization.
Both products will allow borrowers greater flexibility and lower interest rates. In most cases, neither product will require a personal guarantee of the borrower.
David Elder, Chief Executive Officer of Atherton, said, "We are very excited about our ability to offer this new loan product. Not only does it continue to expand the list of loan products we can offer our existing franchisee clients but it opens the door for Atherton to offer loan programs to a completely new set of customers. A great deal of equity value is embedded in the properties underlying Atherton's approved branded retail business concepts. We understand those businesses and are uniquely capable of making loans on the related real estate. We expect this loan program to be part of a significant increase in our loan origination volume."
The company plans to offer this new loan program to franchisees through Atherton's 14 loan origination offices located across the country. Additionally, Atherton Real Estate Direct will be offered to third party landlords through real estate brokers and mortgage bankers nationwide. This will be done through the company's wholesale loan origination unit located in Atherton's San Diego regional office.
Atherton Capital Incorporated, a San Francisco Bay Area based specialty commercial finance company, is focused on providing loan products for the complete range of growth opportunities for owners, franchisees and investors in branded retail businesses.
Financing programs include debt-refinancing, acquisition of existing units, real estate acquisitions, equipment purchases, store improvements and leasing.
Atherton has provided business and franchise financing nationally to operators of quick service and casual dining restaurants, gas stations and convenience stores, lube centers and video stores and specialty retail outlets.
Atherton originates loan products through 14 locations serving ten regions, including Atlanta, Boston, Chicago, Houston, Indianapolis, Los Angeles, Minneapolis, New York, San Diego, San Francisco, Seattle and Washington D.C.