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Sources Of Financing
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Sources Of Financing Bank Atlantic Bancorp (305-577-6119) offers the following loans: multi-family rental, anchored retail, office/warehouse, owner occupied facilities, office buildings, self-storage facilities, residential acquisition, development and construction, condominium development and land development. The company recently arranged financing for the following properties throughout FL: $6.1 million for a shopping center anchored by Winn-Dixie in Melbourne Beach; $3.7 million for a 14,210 sq.ft. Eckerd at Southern Center in Naples; $3.116 million for an Eckerd in Jupiter; $1.5 million for a CVS in Port St. Lucie; $2.438 million for a Krispy Kreme in Boynton Beach; $5.094 million for a Walgreens in Miramar, FL; $3.274 million for an Eckerd in Ocala; and $8.842 million for a Publix in Tampa. Fremont Investment & Loan (714-283-6500) offers commercial loans and mid-market properties. The real estate division provides variable rate financing on all types of income-producing properties ranging from $5 million to $50 million. For unanchored and anchored properties, the company offers LTV of 75% and a DSCR of 1.20. Bridge and construction loans have a two-year term, interest only and up to 85% LTV, while variable rate permanent financing offers a standard term of five years and minimum amortization of 25 years. |