FOR IMMEDIATE RELEASE
Contact: Joseph Nguyen, Vice President
(949) 660-0269 email@example.com
Builders Bank Provides $9,035,000 Condominium Construction Loan for Studio City,
Borrower to Use Funds for Construction of a 20-unit Condominium Building
Chicago, IL/March 20, 2007 - Builders Bank, a leading Chicago-based national real estate lender, has
provided $9,035,000 to finance the construction of a 20-unit condominium building in Studio City, California.
The subject property is located in a trendy area of Studio City that benefits from the close proximity to
some major studios and the hubs of the entertainment industry. The proposed project is a 20-unit stacked flat
condominium building, with four floors of subterranean parking. The unit mix will consist of sixteen units with 3
bedroom/2.5 bath, and four units with 2 bedroom/2.5 bath.
Joseph Nguyen, Builders Bank Vice President arranged the financing along with Vice President and Credit
Manager Ly McGrath. Builders Bank is pleased to be able to provide financing for another California project.
During the past 12 months, Builders Bank has provided approximately $350 million in financing
nationwide including both new construction and acquisition/renovation loans.
Headquartered in Chicago, Builders Bank specializes in serving the needs of smaller and mid-size
commercial real estate borrowers in selected markets nationwide. It provides both construction and acquisition
financing for a wide range of income properties as well as condominium development and conversion. Target loan
size is $2 to $12 million. Builders Bank has total assets of approximately $450 million and is an Illinois state
chartered commercial bank. The Bank’s Southern California Regional Lending Office is located at 4675 Mac
Arthur Court, Suite 540, in Newport Beach, California, Telephone (949) 660-0269; Fax (949) 660-0422
For additional information, please contact Joseph Nguyen at firstname.lastname@example.org or visit: