Disclaimer: The following are statements by representative clients of the CIRM. While the strategies employed on behalf of these clients met their goals, there is no guarantee that any particular objective will be achieved. Past performance is not necessarily indicative of future performance or success.
I always assumed that interest-rate protection was something you just bought. A sunk cost, like insurance. CIRM showed me that it doesn’t have to be. They’ve saved me a bundle.
—Leading Chicago-based real estate developer
What I hadn’t fully appreciated before was how much hidden cost is built into the typical swap or cap. Yes, you need to hedge sometimes. But most of the time there’s a cheaper way. If so, CIRM will find it.
— CFO, major league sports team
With all I have on my plate, I don’t have time for monitoring LIBOR. I have to concentrate on the ten thousand things going on in our project itself. So I turn LIBOR elections over to CIRM. They do a great job.
— CFO, $350 million office building construction project
I was always comfortable. I knew all the relevant facts. CIRM presented the options. I made the decisions.
— Entrepreneur, recycled industrial scrap metals
I’m an entrepreneur. I make money by taking well-informed risks. CIRM showed me it makes sense to manage my loan the same way. More importantly, they convinced my bankers to agree.
— Owner, fast-growing international distributor