SUBURBAN PROVIDES $41,135,000 TO infoUSA Inc. TO FINANCE TWO OFFICE BUILDINGS IN OMAHA, NEBRASKA

Suburban Capital Markets, Inc. announced today that it wrote two first mortgage loans totaling $41,125,000 to single asset entities owned by InfoUSA Inc. (NASDAQ – IUSA).  The proceeds were used to retire the existing debt of approximately $12,800,000 with the balance of $26,700,000 applied to reduce the amounts outstanding under the company’s revolving credit facility.

The loans, which were subsequently sold for securitization, are fixed-rate non-recourse mortgages with a 10-year maturity and a 30-year amortization with the first five years of the term being interest only.   

InfoUSA’s corporate headquarters in Ralston and its data compilation facility in Papillion, both suburbs of Omaha, NE serve as collateral for the loans.  As part of the transactions, InfoUSA transferred these two facilities to newly-formed entities that are wholly owned by InfoUSA.  InfoUSA entered into long-term lease agreements with these subsidiaries for the continued and sole use of the properties with the parent company serving as the guarantor of the debt under the carve out guaranty.    The Ralston headquarters is a 181,372SF two-story office building which was built in phases between 1980 and 2001 and is situated on 9.2 acres.  The Papillion facility is a 171,000SF single-story building which was built in 1988, expanded in 2007 and is situated on 27.3 acres.   

The loan was brought to Suburban by 42 North Structured Finance, an advisory firm specializing in structured transactions, headquartered in Boston, MA (www.42north.us ). This origination was a joint venture of 42 North Structured Finance and U.S. Bank, the country’s fifth largest bank, headquartered in Minneapolis, MN.

Suburban is a national commercial real estate lender.  Its investment banking approach serves owners of all sizes of income-producing properties, and embraces all commercial real estate sectors, including multifamily, retail, office, lodging, warehouses and industrial buildings. Suburban offers fixed-rate, non-recourse, long-term financing; interim and bridge loans; interest only and floating rate loans; and, mezzanine loans. In addition, Suburban has a Small Loan Program for most sectors with loan proceeds between $2 million and $5 million; and an acquisition financing program which provides the entire capital stack.

Carole Lewis Anderson or  Deidre Proffitt
(301) 340-2266