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| LoftWerks Discloses Sensitive Benchmark LoftWerks, Inc. acknowledged negotiations regarding an institutional funding source for continuing and expanding the company's original and primary objective: a complete re-vitalization of the once vibrant urban landscape of America. "We have been in negotiations for the past five months with a major lending source (TBA) that is now considering an ongoing financing mechanism which would allocate up to $250M in capital utilizing lines of credit and/or discounted funding arrangements of certain tax benefits which are awarded to businesses whose operations bring economic windfall to otherwise commercially-depressed areas, " said Dennis Ammerman, CEO of LoftWerks, Inc. write your comments about the article :: © 2005 Construction News :: home page |