Preferred Capital BIDCO, Inc. Announces Restaurant Transactions
Wilmington, DE, Preferred Capital BIDCO, Inc. January 24, 2007 - announced that it has recently financed several restaurant transactions, including four start-up Dunkin Donuts (one in Berks County, PA, one in Lancaster County, PA and the other two in the State of Delaware). All four projects financed involved ground-up construction or substantial leasehold improvements and totaled approx. $4.2 million. Additionally, Preferred Capital provided financing to renowned Chef Daniel Stern, who is known for his inspired cuisine to open two new restaurants in Philadelphia. His first, the 35-seat upscale bistro “Gayle,” is located in Philadelphia's Queen Village section and has been honored by Bon Appetite magazine (June 2006) as one of the nation's Top 10 Hottest New Restaurants. More recently, Preferred Capital provided financing to Stern for his second restaurant, the 220-seat upscale dining establishment “Rae,” which is located in Brandywine Realty Trust's new Cira Centre adjacent to Philadelphia's historic 30th Street Train Station. Preferred Capital has provided approx. $2million in leasehold improvement, equipment and start-up capital. Rocco P. Perate, President and CEO of Preferred Capital BIDCO, Inc. stated "We are very excited to extend our already active restaurant lending program to both Dunkin Donuts and Daniel Stern's restaurants, as this further demonstrates our continued ability and commitment to a diverse lending program within the overall restaurant community."

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