Sources of Financing
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Sources of Financing

Wexford Bancgroup (212-683-9443) is a direct lender providing bridge loans, hard money and construction loans for various types of projects. The company welcomes and protects brokers and is looking to start working relationships.

Alliance Capital Group (281-319-0874) is offering fixed-rate loans for existing and stabilized properties nationwide. The loan amounts range from $2 million to $100 million. The company will finance various types of properties.

Inland Mortgage Corporation (630-218-8000) provided a $4.43 million first mortgage for the acquisition of the 54,653 sq.ft. Thunderbird Plaza in Sun City, AZ. The site has four outparcel opportunities available and the inline building has an occupancy factor of 98%. The center is anchored by Trader Joe’s and Sun Health. The loan has a 12-month term.

Ernest A. Rosenberg (425-882-2091) has equity capital available for new retail construction or value-added acquisitions in Los Angeles, CA; San Francisco, CA; Portland, OR and the Puget Sound/Seattle, WA area. The company offers a 12-month to 36-month term in the range of $800,000 to $8 million, up to 90% of equity requirement. The company offers a quick turn-around.

MortgageCap Financial (212-631-4272) offers construction and long-term mortgages of $2 million and above for conventional and special purpose properties. The company has a $5 million minimum for Canada and $10 million on international properties. Rates can be based 1.5 to 3.5 over 60 day or 90 day LIBOR. For more information check the company’s web site, www.commercialfinancing.com.

AMC Entertainment, Inc. (816-221-4000) sold a $250 million equity stake to Apollo Management LP in order to pay on and secure AMC’s $425 million senior revolving credit facility. After the sale, which gives Apollo 36.9% voting control, it is estimated that AMC has about $400 million remaining on its debt facility.

Meridian Capital Group (718-534-9280) arranged the financing for the following projects: $37 million in mezzanine financing for Park West Village in New York, NY; $5.4 million at 155 base points over the 15-year Treasury for a Wal*Mart location in Indianapolis, IN and $5.1 million with a three-year term for Union Square, a 15,900 sq.ft. vacant commercial building in New York, NY. The company has offices in MD, NJ and NY and more information is available via the company’s web site at www.meridiancapital.com.