Pacific Mercantile Bank
Pacific Mercantile Bank, founded in 1998 and based in Costa Mesa, California, provided a variety of banking products and services tailored for individuals and businesses in Southern California. The bank specialized in commercial loans, financing for the entertainment industry, asset-based lending, commercial credit cards, and small business loans. It aimed to serve small and middle-market businesses, offering comprehensive commercial banking solutions to meet the needs of business owners and professionals. As a subsidiary of Pacific Mercantile Bancorp, the bank was dedicated to fostering relationships within the local community until it merged with Banc of California and ceased operations.
Top Regions
2 past transactions
Rich Uncles
Convertible Note in 2015
Rich Uncles operates a crowdfunding technology platform that allows non-accredited investors to purchase real estate investments online. Focused on democratizing access to commercial real estate ownership, the company targets a significant market of potential investors in the U.S. who previously lacked opportunities to engage in this asset class. Rich Uncles raises capital for commercial real estate investments through a unique business model that enables small investors to participate in a portfolio of professionally managed, income-generating real estate assets. By offering a series of proprietary public, non-listed real estate investment trusts, Rich Uncles facilitates broader participation in commercial real estate, addressing the needs of both investors seeking opportunities and the market for capital.
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