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Sources of Financing
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Sources of Financing Sanderhoff & Associates, Inc. (630-629-0408) offers build-to-suit construction loans, up to 100% LTV, a minimum loan amount of $2 million, a minimum 15-year base lease term for investment grade single tenant or owner-occupied sites. The company also offers build-to-suit construction loans, 75% LTV (85% on better credits), loan amounts ranging from $750,000 to $50 million with a base lease term of five years. Vidco Capital (337-989-7377) arranges financing for the acquisition, refinancing or construction of retail, apartments, hotel/motels, office, self-storage, warehouses, mobile home parks, retirement homes, credit tenant leases and golf courses. The company offers short-term loans usually starting at one year from $100,000 and up. GMAC Commercial Mortgage Corp. (215-328-1942) arranged $90 million in floating-rate interim financing for the acquisition of six outlet shopping centers formerly owned by Prime Outlet Centers. The centers, which contain a total of 1,300,000 sq.ft., are located in Anderson, CA; Lee, MA; Lathan, NY; Lodi, OH; Gaffney, SC and Calhoun, GA. |