Sources of Financing
[ Home ] [ Up ] [ Supermarkets Expanding Nationwide ] [ Who's Opening & Where ] [ New Construction ] [ Lease Signings ] [ Automotive Retailers Expanding Nationwide ] [ Food Retailers Expanding Nationwide ] [ Sources of Financing ] [ Buyers & Sellers ] [ Lead Sheet ] [ Real Estate Professionals Making the News ] [ Exclusives ] [ Space Place ]

 

Sources of Financing

Wachovia Securities (713-278-4311) closed on a $13.84 million loan for Creekside Village located in Calabasas, CA. The term was for 10 years with a rate of 6.29%, DSCR of 1.20 and amortization of three years. The company also closed on a $10.725 million loan for Woodward Square located in Bloomfield Hills, MI. The term was for 10 years with a rate of 6.65%, DSCR of 1.35 and amortization of three years.

L.J. Melody & Co. (813-209-0008) arranged $21 million in permanent, fixed-rate financing for the Midtown Place Shopping Center located in Atlanta, GA. The center is 274,000 sq.ft. and is tenanted by Home Depot, Whole Foods, PetsMart, Staples and Borders. The company also arranged fixed-rate financing of $15.5 million for Baywalk, a 73,000 sq.ft. retail entertainment center located in St. Petersburg, FL. The center is tenanted by Ann Taylor, White House/Black Market, Johnny Rockets and Dan Marino’s Town Tavern.

EastCoast Mortgage Capital (540-981-1249) offers financing from $500,000 to $15 million for property types such as retail, multi-family, office, mixed-use, gut rehab projects, residential condominium conversion rehab products, industrial, warehouse, motel, hotel, large retail power centers, self-storage facilities, single-tenant and mortgage receivables. The company offers LTV of 90%, a term of three to five years with required recourse. First and second mortgage commercial loans are available.

Capital Needs Network (818-247-1093) offers financing from $100,000 to $5 million for property types such as single-use, mixed-use, excessive land value, restaurant, car wash, auto repair, gas station, and commercial land. The company offers up to 90% LTV and a term of 25 years with full amortization.

Holliday Fenoglio Fowler (214-265-0880) arranged $87.2 million in financing for the acquisition of eight shopping centers totaling 1.3 million sq.ft. in Austin, TX.

GMAC Commercial Mortgage Corp. (215-328-1942) arranged $700,000 in refinancing for Showcase Plaza, a 16,080 sq.ft. center located at 2151 Lane Avenue in Jacksonville, FL. Anchor tenants include Ayers Cafe, Nextel, The Rose Press, The Sewing House and Village Wash House. The company also arranged $11.25 million in fixed-rate permanent financing for Hairston Village, a 171,974 sq.ft. center located in Atlanta, GA.