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Sources Of Financing
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Sources Of Financing Americap (925-314-4103) provides capital for land development projects nationwide from $1 million to $20 million. Structures include both debt and equity. American Commercial Mortgage, LLC (916-334-2300) provided $8 million in financing for Metro Town Square, a 409,770 sq.ft. center in Santa Ana, CA. The company is a nationwide, direct lender for permanent fixed and floating rate loans, bridge and mezzanine lending and offers interest rates from 5.25% on a 10-year fixed rate. The Ainbinder Co. (713-892-5600) recently closed two long-term loans with GE Capital totaling $25 million. The loans involved Bear Creek Shopping Center, a 95,000 sq.ft., H-E-B Grocery-anchored center located in West Houston, TX and Grapevine Crossing Shopping Center, a 125,000 sq.ft., Best Buy and Academy Sports & Outdoors-anchored center in Grapevine, TX. L.J. Melody & Co. (770-522-4950) arranged permanent financing of $12.5 million for a Publix at Shallowford center located in Roswell, GA. The 116,000 sq.ft. center is tenanted by Dollar Tree, Chicago’s Restaurant and O’Shaughnessey’s Restaurant. |