WiredRE Advises CapitalSource on 140,000 Sq-Ft Data Center Financing
- WiredRE has advised over half of the top banks in the US in investments in transactions from $10 to $100 million.
- Contract follows record revenue growth in 2012 and backlog for 2013 for WiredRE.
LAS VEGAS, March 20, 2013 /PRNewswire/ -- Wired Real Estate Group Inc. ("WiredRE"), the nation's leading data center advisor, recently concluded an agreement with CapitalSource to assess the commercial and technical risk of providing financing to one of the nation's largest interconnection facilities, situated in Kansas City.
CapitalSource, a national commercial lender that specifically targets industries and sectors, has a strong track record of providing financing solutions to the communications infrastructure industry. Based in Los Angeles, CapitalSource has participated in the financing of more than fifteen data center, interconnection facility, or managed services borrowers and currently manages more than $300MM of commitments to borrowers in this sector.
"CapitalSource is very active in communications infrastructure lending, with a broad range of investments." commented Ryan Golding, Managing Director. "We have a critical dependence on information that is timely and reliable. We chose WiredRE because of their depth of insight and quick turnaround of high-value deliverables."
"The data center and interconnection industries are growing rapidly, but the lending market has yet to catch up. Between their technology and real estate practices, CapitalSource has a deep understanding of this specialized asset class." commented Everett Thompson, CEO, WiredRE. "We are very excited about the association and the opportunity to work with such a forward thinking financial institution."
About Wired Real Estate Group Inc.
WiredRE is the nation's leading cloud, colocation and data center real estate advisory firm. The firm uses its data center research to advise enterprises on data center design, planning, brokerage and finance. WiredRE counts over half of the top and most admired investment banks in the US as clients. Nationally, the firm represents colocation and data centers, including major data center developments in Las Vegas, Los Angeles, Chicago, Kansas City, Boston, Pennsylvania and San Francisco. For more information or to search over 1600 data centers, go to www.wiredre.com.
CapitalSource Inc. (NYSE: CSE), through its wholly owned subsidiary CapitalSource Bank, makes commercial loans to small and middle-market businesses nationwide and offers depository products and services in 21 retail branches in southern and central California. CapitalSource, headquartered in Los Angeles, had total assets of $8.5 billion and total deposits of $5.6 billion as of December 31, 2012. For more information, visit www.capitalsource.com.
SOURCE Wired Real Estate Group Inc.