Sources Of Financing
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Sources Of Financing

H&A Capital (330-834-1681) is offering its construction to permanent loan program. The preferred size of the loans in the program is between $10 million and $100 million with 250 bps to 325 bps over the 10-year Treasury yield. Interest will only be charged during construction period and can be rolled over into a fixed rate mortgage once operation has stabilized. The maximum term is 10 years with 25 to 30-year amortization. Maximum amounts of 80% loan-to-cost or value upon completion is typical. Loans are structured as permanent loans.

Marabella Commercial Finance (760-741-0800) is arranging financing for IHOP, 7-Eleven and Jack In The Box. The program features high-leverage levels with up to 75% LTV and 115% minimum DSCR. The loans offer a 15-year term with a 20 year amortization with the rate locked at time of application. The lender is a portfolio lender and is flexible but tax impounds, insurance leasing commissions or tenant improvements are not acceptable.

Holliday Fenoglio Fowler (617-338-0990) arranged $16 million in permanent financing for the Ivory Plaza Shopping Center in Braintree, MA. The 149,000 sq.ft. center is fully leased and anchored by Home Depot Expo. The loan has a 20-year term and is secured through Allstate.