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Sources Of Financing
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Sources Of FinancingMaximum Mortgage Services (727-906-9702) extends loans for the purchase of existing properties and new property construction without commitment or processing fees. The minimum loan is $50 million, with an application fee of $5,000 and brokerage fees of 1%. Special uses will be considered. Bank or LOC guarantee equal to 25%, and 100% financing is available.
Muvico Theaters (954-564-6550) recently completed a round of financing that included $41.5 million of equity and $60.2 million of debt financing. Participants in the equity financing included Fleet Equity Partners, BCI Partners and the Amaturo Group. Ocean Bank will be providing the bank financing. The company expects this financing to allow it to continue its expansion at a rate of six to eight locations a year.
Vogler & Associates (619-401-0835) offers loans on a variety of retail properties including strip centers, malls, restaurants and car dealerships. The company also offers construction loans for commercial endeavors as well as bridge and mezzanine loans.
Bear & Stearns Commercial Mortgage, Inc. () arranged a $17.85 million loan through Huntoon Hastings Capital Corp./Thellman Financial Corp. on a 130,757 sq.ft. 30-screen AMC megaplex theater located in Warrenville, IL. The loan was underwritten at a 50 LTV and has a 10-year term with a 25-year amortization. |