Sources of Financing
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Sources of Financing

Holliday Fenoglio Fowler, LP (713-852-3500) arranged a $10 million loan for The Torrington Fair Mall, a community retail center located at U.S. Route 202 and Route 18 in Torrington, CT. The 10-year, fixed-rate financing was arranged on behalf of Devcon Enterprises, Inc. through Greenwich Capital. The 200,248 sq.ft. center is 100% leased and tenanted by Petco, Price Chopper, Wal*Mart, McDonald’s and Sears Hardware.

Spencer Savings Bank (973-772-5222) closed a $5.8 million loan on Downtown at Roseland, an unanchored retail property that is located at the intersection of Eisenhower Parkway and Eagle Rock Avenue in Roseland, NJ. The 10-year fixed-rate loan originated from Curran/Kauffman Mortgage Associates.

Vidco Capital (337-989-7377) is offering SBA loan programs for owner-occupied properties from $150,000 to $3 million. Conduit programs are available for incoming producing properties, such as shopping centers, from $500,000 and up. Stated income programs, for clients who do not show enough income on tax returns, are available from $25,000. Credit tenant leases and hard money programs are available.