Restoration Management Company Obtains $11.1 Million SBA Real Estate Loan from TMC Financing

June 11th, 2013

Restoration Management Company Obtains $11.1 Million SBA Real Estate Loan from TMC Financing

As published in MorningStar:

Restoration Management Company Obtains $11.1 Million SBA Real Estate Loan from TMC Financing

California Cleaning and Restoration Company Purchases an Industrial Facility with SBA 504 Financing Creating 25 Jobs

TMC Financing, a leading Certified Development Company (CDC) providing Small Business Administration (SBA) 504 real estate financing in California and Nevada, today announced that Restoration Management Company has purchased a Hayward facility with an SBA 504 loan for $ 11,140,000. The project showcases a 153,588 square foot industrial office located at 4120 & 4142 Point Eden Way, Hayward, CA.

“Industrial real estate is booming and large facilities are becoming a hot commodity with the steady increase of e-commerce which drives manufacturing,” said Barbara Morrison, President & CEO of TMC Financing. “TMC Financing assisted Restoration Management to take advantage of SBA 504’s below-market, fixed interest rates, allowing them to retain working capital and add 25 jobs to their existing workforce of over 275.” Ten years ago TMC provided Restoration Management Company with finance to purchase their facility in Union City and now that loan is paid off, they have returned to finance a second location.

Kurt Chambliss worked with Restoration Management Company to provide financing via the SBA 504 commercial real estate loan program. SBA 504 financing offers businesses below-market, fixed rate financing for the acquisition, renovation or construction of commercial real estate. SBA 504 loans provide long-term stability for businesses with the ability to retain working capital which can be used to further grow the business and create new jobs. The June SBA 504 interest rate is 4.52%, fully fixed for 20 years.

Restoration Management Company is a cleaning and restoration company that has been servicing California since 1985. Founded by Jon Takata, the company started by cleaning carpets but then soon grew into a multi-faceted organization offering a variety of industry services. Restoration Management Company focuses on providing customers with reliable, year-round water, smoke, mold, and asbestos emergency service, 24 hours a day – 7 days a week. Their dedicated CAT Team responds to losses throughout the country, providing the same level of service in which this company was founded on. Much of the staff, from corporate managers to technicians, is certified with the Institute of Inspection, Cleaning and Restoration Certification (IICRC) in various categories. Restoration Management Company continues to expand and evolve while maintaining its commitment to handling each and every job with the highest integrity and professionalism.

About TMC

During the past 30 years, TMC has provided approximately $7.2 billion in SBA 504 financing for more than 4,200 businesses throughout California and Nevada. This financing has resulted in the creation of 30,000 jobs. TMC has been ranked in the top five Certified Development Companies nationwide for over a decade, and is the number one SBA 504 Lender in Northern California and Las Vegas. TMC’s experienced staff works directly with borrowers, first mortgage lenders and real estate brokers to tailor financing packages that meet SBA program guidelines and the borrower’s credit capacity. For more information, visit http://www.tmcfinancing.com.