Sources of Financing
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Sources of Financing

Stonehenge Real Estate Investors (614-246-2520) will change its name to RockBridge Capital, Inc. The Stonehenge Real Estate Fund LLC will also change its name to the RockBridge Real Estate Fund, LLC.

Sterling Partners Capital (203-256-9068) provides short and interim-term real estate loans nationwide from $500,000 to $20 million. The firm specializes in repositionings, conversions, change of use, construction completion, rehabilitation, debt buy-down and bankruptcies. The company will finance both anchored and unanchored properties. More information is available on the company’s web site at www.sterlingpartnerscapital.com.

Robert H. Gardner Associates (830-379-6540) has forward and standby takeout commitments from $1 million to $25 million available. The loans are offered with points from 1.13 to 1.7 per year for 12-month to 36-month terms.

GMAC Commercial Mortgage (212-785-1100) has arranged $25 million in a first mortgage for the St. Louis Marketplace Shopping Center in St. Louis, MO. The 498,265 sq.ft. center is anchored by Kmart and Sam’s Club and features such tenants as Sears, Blockbuster Video, Office Max, Kaybee Toys, McDonalds and Taco Bell.