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Sources of Financing
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Sources of Financing GMAC Commercial Mortgage (215-328-1942) provided $13 million in fixed-rate refinancing for the 167,878 sq.ft. Palms of Carrollwood located at 13121-13149 North Dale Mabry Highway in Tampa, FL. Anchors include Bed Bath & Beyond, The Fresh Market, Petco and Flooring America. Marabella Commercial Finance, Inc. (760-741-0800) completed the following permanent loans: $950,000 for a Jack-In-The-Box with a fixed interest rate of 8% and amortization of 20 years with a 20-year term and $1.454 million for a 7-Eleven with a fixed interest rate of 8.52% and amortization of 20 years with a 13-year term. Florida Bond and Mortgage, Inc. (954-566-7485) arranged a permanent loan of $2.85 million for the Isla Del Sol Shopping Center, a 46,975 sq.ft. center located at 5901 Sun Boulevard in St. Petersburg, FL. The company also arranged permanent financing of $2.9 million for the Marina Village Shopping Center, a 54,688 sq.ft. center located at 34th Street South in St. Petersburg, FL. Archon Financial (972-501-3961) arranged refinancing of $4.8 million for Riviera Plaza, a 41,670 sq.ft. center located along South Dixie Highway in Coral Gables, FL. The loan is for a term of 10 years with amortization of 30 years. The center is tenanted by Hale Piano Co., Subway and Dunkin’ Donuts. Century American Capital (310-201-2182) offers retail, office and industrial financing with variable financing of 5.50% and a 10-year fixed rate of 6.25% The company offers multi-family financing with a variable of 3.86% and a 10-year fixed rate of 6.17%. |