Sources of Financing
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Sources of Financing

L.J. Melody & Company (412-471-9660) arranged fixed rate financing in the amount of $11.235 million for Newport Marketplace, a 125,480 sq.ft. shopping center located near the intersection of Jefferson Avenue and Interstate 64 in Newport News, VA. Anchors include Farm Fresh, Roomstore and Michael’s. JP Morgan Mortgage Capital, Inc. provided the financing through L.J. Melody’s Pittsburgh office, which was acting on behalf of AJFA Associates and partner. The company also arranged fixed rate financing for Brookdale Corner Retail Center in Brookdale, MN. Financing was provided by Allianz Life Insurance Company. Brookdale Corner is a 115,000 sq.ft. shopping center located at the intersection of Brooklyn Boulevard and Bass Lake Road in Minneapolis, MN. Tenants include Cub Foods, Blockbuster and LeeAnnChin.

Corner Capital Corporation (614-761-3812) offers a maximization program for corporations which sell and lease back real estate.