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Sources Of Financing
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Sources Of Financing David Cronheim Mortgage Corp. (973-635-2180) secured financing of $11.9 million for Pohatcong Plaza, a 331,027 sq.ft. center located at the intersection of Route 22 East and Saint James Street in Phillipsburg, NJ. The loan was placed for an affiliate of National Realty and Development Corp., and has a 10-year term and an amortization of 30 years. The center is situated on a land area of approximately 50 acres and is tenanted by Wal*Mart, Toys “R” Us, Stop & Shop Supermarkets and Regal Cinemas.
First American Title Insurance Co. (212-551-9438) offers exchanges and reverse exchanges, low cost for structuring and high interest paid on cash balances.
Eastern Net Lease Advisors (508-321-1422) offers 1031 exchanges for net lease investment sales, asset valuation, portfolio dispositions and sale/leasebacks.
Marabella Commercial Finance (760-741-0800) arranges financing for net lease properties. The company is currently focusing on arranging permanent financing for the following net lease transactions: Walgreens, CVS, Kohl’s, Lowe’s, FedEx, Jack In The Box, Sonic, 7-Eleven, IHOP, Morgan Tire, Family Dollar, CSK Automotive, Advance Auto, Sweet Tomatoes, Krispy Kreme Doughnuts and Bakers Square.
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