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 Overview Credentrust Story Customers Partners Management Board of Directors News Careers |
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FOR IMMEDIATE RELEASE
IRVINE, California (June 11, 2001) --- NAIDirect.com, the on-line affiliate of NAI, one of the largest commercial real estate resource and service firms in the world, and Oinke, Inc., the preeminent provider of Internet-based commercial finance solutions, have announced a strategic alliance to offer a commercial financing marketplace. Commercial real estate loans, FF&E financing, equipment leasing and business loans from $5,000 to $500 million can now be sourced through the NAIDirect Online Commercial Finance Center at the company's Web site (www.NAIDirect.com). www.naidirect.com.
The NAIDirect Online Commercial Finance Center, Powered by Oinke, gives borrowers access to a competitive Internet finance center consisting of more than 160 lenders. Lenders whose criteria match those of the loan request submit a proposal on the borrower's financing needs. Oinke provides the finance center technology behind the proposal process and offers borrowers a secure, paperless "vault" in which to upload and store their application information.
"NAIDirect.com provides a host of on-line automation tools to streamline the commercial real estate transaction process. We believe the addition of financing services is a natural extension that will save our clients time and money. The Oinke technology fits seamlessly into our site so that when a client uses NAI to acquire new facilities, they are instantly able to finance the property, their equipment and even their business," noted Jeff Finn, President and Chief Operating Officer of NAI and NAIDirect.com.
"We are thrilled to form this partnership with NAIDirect," said Tom Markel, CEO of Oinke. "Now NAI's 3,400 brokers can offer not only real estate financing, but FF&E financing as well, giving them not only another tool to build and sustain customer loyalty, but another avenue to generate more commissions. With the Internet, commercial real estate companies such as NAI are offering more and more services and product offerings to remain competitive and generate bottom line revenue. Everybody wins!"
About NAI Direct
NAI is a global network of more than 3,400 commercial real estate service providers with more than 230 offices in the United States, Canada, Latin America, Europe and Asia Pacific. NAI provides international real estate services from multi-market transactions to major portfolio management. NAI's services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, site searches, financial arrangements for major expansion programs, extensive demographic analysis, and market intelligence.
NAIDirect.com is the single online source for fully integrated online commercial real estate services. NAIDirect.com is the e-commerce arm of NAI, a leading international commercial real estate company. For more information, visit http://www.naidirect.com www.naidirect.com.or call 609-448-4700.
About Oinke
Oinke provides the only Internet finance center connecting commercial borrowers with qualified lenders in a secure environment for commercial financing. This solution, "Powered by Oinke," is licensed to Internet-enabled companies seeking to offer commercial financing to their business customers that have recurring needs for capital. Oinke's standardized online Financial Application Summary Templates simplify the borrowing process for 75 different loan types, dramatically reducing typical loan paperwork and facilitating negotiations with a nationwide network of lenders. Oinke was the first Internet-based commercial finance company to offer Moody's Risk Management Services credit scoring reports to its customers, and has subsequently formed partnerships with Integra and Transunion.
Contacts:
For NAI Direct:
Bob Verstege |
(c) 2003 Credentrust Software, Inc. All rights reserved.