World Capital Bancorp: Bridge Commercial Mortgages Are Making an Impact

BOSTON, May 5, 2008 -- World Capital Bancorp today announced that their Bridge Commercial Mortgage Programs have made an impact in the lives of commercial property owners who are scrambling to find new sources of funding during this time of market volatility and slowdown in conduit loan offerings.

Through this Bridge Commercial Mortgage Program, borrowers who wish to acquire or refinance commercial property can do so with less documentation and much faster closing times, even in as little as 7-14 business days. It is also ideal for properties that do not currently meet conventional debt service requirements.

The program has lenient guidelines and a streamlined process that allows for an expedited closing. It allows entrepreneurial investors to take advantage of an opportunity.

This program allows borrowers to potentially receive a loan up to $50,000,000 and in some cases, even more. It is also available for borrowers with impaired credit.

This program is also a benefit to real estate brokers who are unable to qualify either the property or the new buyer under conventional terms. It gives the broker more leverage on selling cash flow challenged properties and creates a greater pool of qualified buyers.

About World Capital Bancorp

World Capital Bancorp is one of the premier commercial lenders headquartered in Boston, Massachusetts. World Capital Bancorp was built on the strongest foundation possible: its customers. Today, its customers are more the focus of what they do than ever before. Asking and listening to their customers have taught them what a lender should be.