Deering Companies Provides Project Management Services for 140,000 Square Foot Warehouse Acquisition
Deering Companies is working with a private investment group in the acquisition of an industrial facility in Miami Dade County.
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An affiliate of BANIF, an international bank founded in Portugal with a presence in South America, North America, Europe and Africa, retained Deering Companies to perform loan review services on a portfolio of loans secured by real estate assets located throughout the southeast United States. This is the second year that Deering Companies performs such services.
Deering Companies recently updated the development and operating proforma for AVE Aviation and Commerce Center.
Deering Companies’ CEO and LaunchPad Advisory Board Member Irving Padron visited Detroit along with LaunchPad’s Dr. William Green and Dr. Susan Amat for the announcement of The Blackstone LaunchPad. The team met with Stephen Schwarzman, Chairman and CEO of Blackstone.
Deering Companies worked with a leading Miami based commercial real estate broker to provide valuation and financial modeling services to a private investment group.
The University of Miami retained Deering Companies to prepare its yearly valuation and forecast analyses on a key investment portfolio. Services were also performed in November 2008.
The $8.35 million sale of a parcel in Miami’s Brickell Avenue area is seen by several industry insiders as a sign that values for prime land may be stabilizing.
Deering Capital, a licensed Florida Mortgage Brokerage Business and an affiliate of Deering Companies, has hired Manuel Vidal as Director. He will focus on growing Deering Capital’s client base as well as its debt and equity placement capabilities. Mr. Vidal’s duties will include enhancing business development, underwriting, memorandum preparation, financial modeling, negotiation and closing management.
Miami, FL – Deering Capital recently arranged $4,500,000 in financing for a Miami-based produce grower and distributor. The financing was comprised of a business line of credit and a first mortgage secured by a 40,000 SF warehouse distribution facility in South Miami-Dade County. The transaction was funded by a Miami-based community bank.
Deering Companies assisted Broward Bank of Commerce with its initial capital raise by introducing various investment groups and high net worth investors to the bank’s management team and board of directors throughout 2008. At least one prominent group invested in the offering.