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FOR IMMEDIATE RELEASE
September 7, 2000 - Irvine, California - Oinke, Inc., the preeminent provider of Internet-based commercial finance solutions, and TCN Worldwide, a premiere provider of comprehensive commercial real estate services through a worldwide consortium of independent market leading commercial real estate companies, have announced a partnership which places Oinke's commercial finance center on TCN's web site, www.TCNRE.com.
With the "Powered by Oinke" commercial finance center, TCN's agents, brokers and clients will be able to electronically source commercial real estate financing in a competitive dynamic auction marketplace. Lenders whose criteria match those of the loan request then bid on the borrower's financing needs. Each lender bidding is able to view the other lenders' terms and conditions in a real-time auction environment. Oinke guarantees that a minimum of ten lenders will view each financing request, and that a minimum of three lenders will submit bids.
"TCN Worldwide has become another top company to recognize the value in offering Oinke's commercial finance center for faster, more efficient, and less expensive financing of commercial real estate transactions," said Thomas Markel, chairman and CEO of Oinke, Inc. "We believe Oinke's enterprise software solution, risk assessment partners, and lender network add great value to next generation companies offering commercial financing to their customers. We are thrilled to form this new alliance with TCN."
"TCN Worldwide is proud to offer this innovative tool to our brokers, salespeople and clients in an effort to better serve their needs and smooth the real estate transaction process," said Ross Ford, president, TCN Worldwide Real Estate Services. "TCN Worldwide is currently implementing a variety of technological tools to offer more comprehensive services to our members and their clients. This partnership with Oinke will help us to meet our goals as well as those of the real estate community at large."
About Oinke, Inc.
Oinke provides the only Internet trading exchange connecting business and commercial real estate borrowers with qualified lenders in a secure auction environment. Its standardized online Automated Summary Application Package (ASAP) forms simplify the borrowing process for 63 different loan types, dramatically reducing typical loan paperwork and facilitating negotiations with a worldwide pool of more than 150 lenders, including Wall Street firms, insurance companies and finance companies. Oinke specializes in equipment leases and business and commercial real estate loans ranging from $100,000 to $500 million.
About TCN Worldwide Real Estate Services
TCN Worldwide Real Estate Services and its member firms offer comprehensive commercial real estate transaction, management, and consulting services. An extensive range of real estate services coupled with a personal commitment to exceed expectations is what allows TCN Worldwide to be a leader within this hyper-competitive industry. Comprised of 60 independent real estate firms, with some 1,200 brokers and salespeople, TCN Worldwide combines an entrepreneurial approach with years of local experience to provide straightforward expert advice in more than 140 markets worldwide. TCN Worldwide affiliates are able to meet real estate needs globally by utilizing local expertise while retaining direct control and responsibility, providing a single point of contact. As a local company, the TCN Worldwide affiliate has first hand knowledge of the market including the subtlety of business customs necessary to make the best decision regarding commercial real estate needs.
Contacts:
TCN Worldwide Real Estate Services |
(c) 2003 Credentrust Software, Inc. All rights reserved.