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Sources of Financing
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Sources of Financing Alliance Limited (713-789-7425) offers 100% LTV financing for the acquisition of income properties with loan amounts from $25 million to $100 million. Terms include a 30-year amortization, 9% to 10% interest, 10 to 20 year balloons and no down payment. The company charges 10 points at closing and 1.25 points paid to the broker. The buyer is responsible for their own due diligence and closing costs, including surveys, inspections and appraisals. Marcus & Millichap Capital Corp. (949-851-3030) arranged $3.978 million in financing for a 15,120 sq.ft. Walgreens located in Murphy, TX. The acquisition financing was provided through a conduit lender at an 80% LTV. The loan carries a fixed interest rate for 10 years and a 30-year amortization. Legg Mason Real Estate Services (215-496-3097) arranged first mortgage financing of $1.5 million for Tempo Plaza, a 20,082 sq.ft. center located in Port Richey, FL. Financing was based on a 10-year term with an amortization of 25 years. The 20,082 sq.ft. center is tenanted by Golf Apparel Outlet. |