|
Pacifica Facilitates $10MM Financing |
|
Pacifica Capital
completed a second $10,000,000 funding facility for a large and well-established
gaming casino in Indio, California. Pacifica had previously provided an initial
financing of $10,000,000 for the gaming facility in 2000. During 2003 and
working with casino owners and one of the largest equipment manufacturers
serving gaming operations in the U.S. Pacifica Capital again acted as both
funding conduit and financing coordinator for the specialized gaming technology
selected for the casino’s operations. The casino operation began as a card room
in 1980 before adding bingo in 1983. Video gaming machines were added in the
early 1990s and video slot machines were installed in October 2000 to coincide
with the opening of a two-story addition that created a 265,000 square foot
gaming and entertainment venue for the enterprise.
"The financing provided by
Pacifica Capital allowed the casino to upgrade to the latest technology
available", said Philip Hof, National Account Manager at Pacifica Capital.
At the same time we were able to provide an assist to a very large and
significant vendor who sells this unique technology exclusively to the gaming
industry. By our ability to provide a competitive budget and cash flow
solution were able to help all the parties achieve their specific objectives.
The international gaming
technology vendor began corporate life in 1953 as a gaming hardware
supplier, evolving into a gaming technology group that places high value on
software and content. The Company's many businesses around the globe strengthen
its well-known technology brand in the gaming industry. Employing over 2,200
people worldwide the company has offices in the United States, New Zealand, the
United Kingdom, South Africa, Japan, South America and South East Asia where
staff are focused on meeting customer needs at a local level. A global
management structure drives innovation in all business areas.
|
|
Recent Transactions |
|
These are
examples of recent transactions. Pacifica Capital offers financing for virtually
any type of equipment, system or technology.
|
Amount |
Equipment Type |
|
$ 10,000,000 |
Gaming
Equipment |
|
$1,500,000 |
Video
Production |
|
$1,000,000 |
Computer
Equipment |
|
$250,000 |
Restaurant |
|
$177,000 |
Digital
Test Equipment |
|
$23,000 |
Surveillance |
|
$350,000 |
Fitness
Center |
|
$100,000 |
Computer
Software |
|
$150,000 |
Dental
Equipment |
|
$56,000 |
Industrial Racking |
|
$25,000 |
Woodworking |
|
|
Pros Join Pacifica Capital |
|
The company is pleased to announce the following recent sales
staff additions.
 Kelly
Christensen joined Pacifica after an eight-year equipment finance
& leasing career. Kelly has specialized in woodworking equipment,
electronic test and broadcast technology. She brings with her an
established network of clients, vendors and dealers and
distributors in these fields. Kelly and her husband Kirk live in
Irvine along with son Brick, age 16 and daughter Erica, age 13.
After moving to southern California Chris Picou joined Pacifica in
2004 to continue serving his wide range of clients and referral
sources. Since 2000 Chris has built a highly success About
Pacifica Capital United Association of Equipment Leasing Better
Business Bureau ful leasing career. Previously he served as an
international youth pastor working from Dallas, Texas. In building
his equipment finance customer base Chris developed an extensive
network of manufacturers, vendors, dealers and distributors across
a wide range of industries and markets. Chris and his wife Lia
have three children Samuel age 7, Judah age 4, and Mattie age 2.
With a degree in
engineering, and a background as a network systems specialist while
operating his own business Doug Beskow joined Pacifica to combine his
technology expertise with an ability to help equipment vendors and end users
acquire equipment, technology and systems using financing and leasing. Doug
and his son Brandon age 12, reside in Irvine.
Commercial hardware &
software, graphic printing, photo marketing and woodworking are all areas of
focus for Kevin Draper. As a 12 year leasing professional Kevin
recently joined Pacifica to expand and service his network of manufacturers,
dealers and suppliers. Kevin and his wife Carla reside in Carlsbad,
California along with their kids Sarah age 15, Robbie age 13 and Max 7.
We are proud that Kelly, Kevin, Doug and Chris have selected
Pacifica Capital as their preferred choice within our industry.
As outstanding individuals and consummate equipment finance
professionals they join our dedicated employees
at our Irvine, California Headquarters. |
|
A Note From Our Founder ...
Bette Kerhoulas, CLP
|
|
Welcome to
Pacifica Currents!
It's our intent that this newsletter will bring you
up to date with what's happening here at Pacifica Capital, as well as providing
some insight to our industry and even our world. 2004 marks
Pacifica's 20th year in business. We're proud and thankful that
we've been able to survive through an ever-evolving economy and changing times
that have included a dizzying technology revolution of pagers, cell phones,
computers and PDA devices. I truly believe our founding principles of
honesty, integrity and "customer first" values have served us well over the
years when many of our contemporaries have come and gone. Most of all, I
am proud of the quality, strength and goodness of our people who have
contributed so much to the success of our enterprise. Pacifica's been
blessed with a great group of hard-working and dedicated employees who believe
in each other and in our mission. We know that our continued success is
dependent upon developing and sustaining valuable and long-lasting relationships
with our customers, vendors and lending partners, as well as the friendship and
support of our industry allies. All in all, it's been a great twenty
years. As Pacifica Capital begins it's third decade, I want to extend a
personal thank you to everyone who have believed in us, contributed to our cause
and participated in making Pacifica a name synonymous with quality of service.
|
|
