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.
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2 past transactions
Rich Uncles
Convertible Note in 2015
Rich Uncles operates a crowdfunding platform that facilitates real estate investments for non-accredited investors, allowing them to purchase shares in a portfolio of professionally managed commercial real estate assets. The company focuses on providing access to real estate ownership for individuals who traditionally lack investment opportunities in this sector. By leveraging proprietary public, non-listed Real Estate Investment Trusts (REITs), Rich Uncles aims to connect a large pool of potential investors with commercial real estate ventures, thereby democratizing access to income-producing properties. This approach addresses the significant demand among everyday investors who seek opportunities in commercial real estate but have historically been excluded from such investments.
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