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Sources of Financing
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Sources of Financing AFC Realty Capital, Inc. (212-245-2050) arranged financing of $23.8 million for a new high-rise, mixed-use building located at the edge of Waterfront Park in Louisville, KY. Waterfront Park Place, a 22-story building, will offer 76 condominium homes, 36 upscale rental apartments and 20,000 sq.ft. of ground floor retail space. Opening is slated for the end of the year. Atlas Partners, LLC (315-516-5700) is seeking to provide capital for owner/user-occupied facilities being used for industrial purposes, such as manufacturing, warehousing, corporate office buildings or owned retail facilities. The collateral is first mortgage debt secured by real estate, loans up to 60% LTV between $500,000 and $3 million. Locations must be in strong and primary and secondary national markets. Companies must have positive EBITDA and DSCR. Dominion Mortgage Corp. (310-477-3041) offers loans from $1 million to $50 million with fixed and variable rates for apartments, industrial, hotels, office buildings, retail and single tenant locations. |