Churchill Commercial Capital Arranges $6 Millon Loan

Press Release
For Immediate Release
May 21, 2007

Contact: Cynthia A. Hammond
Churchill Commercial Capital, Inc.
Phone: 602-748-1500
Email: CHammond@ChurchillCC.com

Phoenix, Arizona —Cynthia A. Hammond of Churchill Commercial Capital, Inc. has arranged a seven-year, $6.0 million loan secured by a multi-tenant, suburban garden office building. The property, Clocktower Corporate Center is located within The Pointe at South Mountain Business Park. Churchill Commercial Capital arranged the financing for Hafer and Associates through Minnesota Life Insurance Company. Minnesota Life held the existing loan on the property, and modified this loan by increasing the borrower’s loan dollars and extending the loan term. Features of the loan include a fixed prepayment premium, with a right of future loan assumption.

Churchill Commercial Capital is a commercial mortgage banker who represents nineteen lenders actively placing debt and equity in commercial and multifamily properties. The loan will be locally serviced by Churchill Commercial Capital on behalf of Minnesota Life.