Post by bg317 on Feb 5, 2008 13:40:40 GMT -5
Heritage Capital Credit Corporation Arranging $170 Million Financing
Tuesday February 05, 2008 12:10:00 EST
WILMINGTON, Del., Feb 05, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --
Heritage Capital Credit Corporation (Pink Sheets:HCPC) today announced that it is arranging short-term financing of $170 million for a commercial revenue producing project. An independent third party lender has issued the letter of interest for financing and anticipates scheduling the closing upon completion of its due diligence. This financing is expected to ultimately roll into the BCLOC program.
On December 21, 2007, the Company announced that it had arranged a funding commitment through an independent third party lender for a $6 million commercial revenue producing project. This transaction is expected to close on or before February 25, 2008.
About Heritage Capital Credit Corporation
The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to arrange financing for commercial revenue producing assets. To date, none of the funding arrangements have closed. For more information, visit the Company website at www.heritagecapitalcreditcorp.com.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the Company's behalf. All statements, other than statements of historical facts which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the Company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the Company to implement its business plans, actual results may differ materially from the expectations expressed in the forward-looking statements.
Contact: Heritage Capital Credit Corporation
Richard Razzeca, VP
Tel. 302-778-4222
Email: info@heritagecapitalcreditcorp.comSOURCE Heritage Capital Credit Corporation
www.heritagecapitalcreditcorp.com
Tuesday February 05, 2008 12:10:00 EST
WILMINGTON, Del., Feb 05, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --
Heritage Capital Credit Corporation (Pink Sheets:HCPC) today announced that it is arranging short-term financing of $170 million for a commercial revenue producing project. An independent third party lender has issued the letter of interest for financing and anticipates scheduling the closing upon completion of its due diligence. This financing is expected to ultimately roll into the BCLOC program.
On December 21, 2007, the Company announced that it had arranged a funding commitment through an independent third party lender for a $6 million commercial revenue producing project. This transaction is expected to close on or before February 25, 2008.
About Heritage Capital Credit Corporation
The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to arrange financing for commercial revenue producing assets. To date, none of the funding arrangements have closed. For more information, visit the Company website at www.heritagecapitalcreditcorp.com.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the Company's behalf. All statements, other than statements of historical facts which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the Company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the Company to implement its business plans, actual results may differ materially from the expectations expressed in the forward-looking statements.
Contact: Heritage Capital Credit Corporation
Richard Razzeca, VP
Tel. 302-778-4222
Email: info@heritagecapitalcreditcorp.comSOURCE Heritage Capital Credit Corporation
www.heritagecapitalcreditcorp.com