Protective Capital Structures Corp. (fka PCSO)

[Brentkelley24]

WILMINGTON, Del., Feb 26, 2008 /PRNewswire-FirstCall via COMTEX/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) today announced the closing of two financings totaling $11.1 million for its BCLOC Program.

The first transaction was for $808,000.00, which closed on February 22, 2008. This included a separate $234,000 renovation loan for a small hotel. The funding for this hotel will commence upon the first construction draw for renovation.

The second transaction for the commercial office building closes in two phases. The first phase closed today for $10,307,000. The second phase is for $5,500,000, which was arranged by the Company through an independent third party lender. The funding is scheduled to commence on March 7, 2008.