News 2007-2009
Deering Companies Provides Sales Management Advisory Services to Distribution Company
October 2009
The Launch Pad at the University of Miami Names Deering Companies CEO Irving Padron to its Advisory Board
July 2009
Deering Capital Hires Veteran Banker to Enhance Corporate Lending and Commercial Real Estate Financing Capabilities
June 2009
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.
Mr. Vidal has established long term relationships with many financial institutions and lenders whom he intends to introduce to Deering's existing and future client base.
Mr. Vidal has over 11 years of experience in commercial real estate
banking in South Florida, North Carolina and Puerto Rico. Mr. Vidal
has directly sourced and closed over $330 million in financing. He has
financed a wide range of property types including retail shopping
centers, hotels, high-rise condominiums, multi-family complexes, land
acquisition and entitlement projects, office buildings, industrial
warehouses and single-family tract developments.
Mr. Vidal is a licensed Florida Mortgage Broker and holds a bachelors degree in Business Administration, with a specialization in Finance and Economics, from the University of Florida.
Deering Capital Sources Refinancing of Warehouse and Business Line of Credit for South Dade Distributor
May 2009
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 Capital worked with its network of financial institutions to obtain the financing during a challenging economic environment, proving that attractive financing is readily available for successful businesses with strong financial positions.
Deering Capital, LLC, an affiliate of Deering Companies, is a Florida licensed Mortgage Brokerage Business that provides debt and equity placement services.
Deering Companies Assists Bank with Initial Capital Raise
April 2009
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.
Broward Bank of Commerce, located in downtown Fort Lauderdale, successfully raised $14 million for it’s initial offering and opened for business in the first quarter of 2009 during challenging economic times particularly for existing banks.
Deering Companies Delivers Loan Portfolio Review Services to BANIF
February 2009
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. Services were completed in February 2009.
The assets securing the loans consist of vacant land, commercial, multifamily, industrial and mixed use properties in Miami, central and west Florida and Mississippi.
Services included valuation estimates, site inspections, market research, various financial analyses and other due diligence.
For more information visit www.Banif.pt
Deering Companies Oversees Set Up and Management of Luxury Condo Operations
February 2009
A prominent South Florida real estate developer has retained Deering Companies to implement and oversee the day to day operations of a 200+ unit luxury waterfront condominium.
Deering will work with sales managers, leasing agents, construction personnel, condominium association managers, marketing executives and on site concierge as the property begins unit closings, in order to offer unit owners, renters, and prospective buyers a world class experience. Deering's services will provide the developer with an efficient platform to deliver high end services - in essence a "one stop shop" for luxury buyers and renters in the building.
Services include establishing on site concierge services, tracking construction and punch out, creating and/or managing the sales and leasing plans, staff supervision, task tracking, accounting supervision and management reporting, and implementation of related software.
Deering Helps Start Up Residential Auction Company
December 2008
A major South Florida private investor retained Deering Companies to establish a start up residential auction company
Deering Companies will use its unique background and experience with start up and growth companies, as well as its residential real estate expertise to assist in the launch of a Florida-based auction company to assist in liquidating the massive amounts of inventory owned by financial institutions.
Services will include business planning, market research, financial analysis and modeling, staff hiring and supervision, process implementation, business development assistance, and management reporting for all phases of the auction platform.
University of Miami Chooses Deering Companies for Investment Analysis
November 2008
The University of Miami retained Deering Companies to prepare valuation and forecast analyses on a key investment portfolio. Services were finalized in November 2008.
Services included comparable sales analyses and estimates of future growth rates related to a portfolio of real estate assets in Miami Dade County.
The University of Miami is located in Coral Gables, Florida and currently features an enrollment of over 15,300 undergraduate and graduate students from around the world. With more than 13,000 full and part-time faculty and staff, UM is the largest private employer in Miami-Dade County. U.S. News & World Report's 2009 "America's Best Colleges" rankings placed UM No. 51 in the nation in the National Universities category.
For more information visit www.miami.edu
R&M Systems Group retains Deering to Build Platform for Growth
June 2008
Deering Companies has been retained by R&M Systems Group to implement Deering’s business planning and growth solution.
Corporate services to be provided include business plan preparation, management reporting, budgeting, and growth planning.
R&M Systems Group is a South Florida based full service electrical contractor specializing in all areas of electrical, low voltage installations and systems integration including commercial and residential buildings. Founded over 15 years ago, R&M has established an excellent reputation and their clients are among the largest and most successful companies and developers in the state.
For more information visit www.rmsysgroup.com
AVE Aviation and Commerce Center Benefits from Deering’s Financial Modeling Services
June 2008
Deering Companies has been hired to model the development and operating proforma for AVE Aviation and Commerce Center.
Deering used ARGUS Valuation - DCF™ to perform the analysis. ARGUS Valuation - DCF is the industry standard commercial real estate cash flow projection, transaction analysis and asset valuation solution.
AVE is a premier master planned 2.6 million square foot mixed use business park. Situated on 178 meticulously landscaped acres on the western region of the Opa Locka Airport, AVE will be home to banks, shops, restaurants, office/flex, warehouse/distribution facilities and corporate jet hangers. Adjacent to Miami Lakes, and minutes from the major highway corridors, AVE offers companies an incredible solution for their future operations.
For more information please see www.avemiami.com
Deering Provides Finance Support for 600,000 SqFt Mixed Use Real Estate Development
May 2008
Deering Companies has been retained to provide finance support to the Grove Central Station, LLC.
Services to be provided include offering memorandum preparation, financial modeling for all components using Argus Valuation DCFTM, and introduction to funding sources.
Grove Central Station is a major transit oriented 600,000+ square foot mixed-use development. Situated on +/- 5.19 acres of prime real estate on US1 at SW 27th Avenue in Coconut Grove, Grove Central Station will include big box and smaller retail, class A office, a mid-range business hotel and a residential component.
For more information, visit www.grovecentralstation.com
Deering Provides Bahamian Development with Finance and Investment Advisory Services
April 2008
Deering Companies has been retained to provide finance and investment support during the pre-development phase for South Cat Cay.
Services to be provided include offering memorandum preparation, financial modeling for all components, introduction to funding sources and other professionals.
South Cat Cay is a spectacular untouched 85 acre island located in the Bahamas, only 1.5 hours away from Miami by boat. The planned $400 million ultra-luxury development on the island will include a 5 star boutique hotel, mega yacht marina, exclusive 1 acre oceanfront lots, beach cottages, townhomes, condominiums, and a marina village with retail and dining components. South Cat Cay promises to be one of the region’s most exclusive high-end luxury destinations.
For more information visit www.southcatcay.com
South Miami-Dade developer looks to Deering for a 50,000 SqFt office building
December 2007
Deering Companies has been hired to model the operating proforma for Greenwich Commercial Village II.
Deering used ARGUS Valuation DCFTM to perform the analysis. ARGUS Valuation DCFTM is the industry standard commercial real estate cash flow projection, transaction analysis and asset valuation solution.
Greenwich Commercial Village II is a 50,000 square foot Class-A office building strategically located on SW 137 Ave in Kendall, Florida and surrounded by upscale neighborhoods adjacent to Tamiami Executive Airport. The developer, Greenwich Development Group, offers project structuring services in the real estate market and management services for the planning of urban constructions, focusing mainly on commercial and industrial markets as well as residential projects
For more information visit www.greenwichllc.com
Fortune Related International Sales hires Deering Companies to launch luxury developments in Mexico and South America
october 2007
