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Internet-Based Lender and CBRE Form Service Alliance

IRVINE, CA-Oinke Inc. is supplying an additional financial tool to CB Richard Ellis' Website, which allows customers to finance equipment needs, along with working capital lines of credit.

By Joel Cone | Updated on April 08, 2001

IRVINE, CA-Oinke Inc., a provider of Internet-based commercial finance solutions, has formed a strategic alliance with CB Richard Ellis to supply the company’s brokers with a source of business and equipment financing for their real estate clients through CB Richard Ellis’ Website.

“We extend their value-added services to the financial side of the business,” says Thomas Markel, CEO/chairman of Oinke. “We provide FFE (fixtures, furniture and equipment financing) to CB Richard Ellis’ customers–cars, manufacturing equipment, factory equipment, computers, furniture or…working capital lines of credit. Now they can put all their needs into one bucket and make one payment through their CB Richard Ellis broker,” he adds.

CB Richard Ellis is Oinke’s first major customer since launching its services in September 1999. Now the company is deploying its platforms to other major users through co-branding on a license or private-label basis. Customers who need to finance anything from $5,000 to $50 million, including the real estate itself, can upload their application information for 75 different loan types via Oinke’s secure paperless vault. Loans go out for bid among the 160 lenders in Oinke’s network through a secure auction environment that allows lenders to respond directly to potential borrowers.

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