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Sources Of Financing
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Sources Of Financing Union American (502-499-5626) offers financing for acquisitions, refinances and construction deals worldwide for shopping centers, convenience stores, office complexes, medical complexes, hotels, senior housing, self-storage facilities and light manufacturing.
GMAC Commercial Mortgage Corp. (215-328-3383) arranged $2.5 million in fixed-rate, permanent financing for Ollie’s Bargain Outlet, a 58,600 sq.ft. freestanding retail property located at 4750 Tilghman Street in Allentown, PA. The property is situated on a land area of 8.5 acres. The company also arranged $3.2 million in fixed-rate, permanent financing for Dick’s Sporting Goods, a 55,200 sq.ft. center located at the intersection of U.S. Route 30 and 1313 Kenneth Road in York, PA.
Dominion Mortgage Corp. (310-477-3041) offers the following loans: out of the box commercial loans from $1 million to $50 million with fixed and variable rates for apartments, industrial, hotels, office buildings, retail and single-tenant locations and bridge loans from $1 million to $25 million. The company also offers healthcare real estate loans from $1 million to $50 million with fixed and variable rates.
Aries Capital (312-642-0100) arranged financing of $12.5 million for Canyon Portal, a mixed-use retail/hotel property located at 270-280 Highway 89A in northern Sedona, AZ. The 47,000 sq.ft. development is situated on a land area of 3.31 acres and has 25,000 sq.ft. of retail space and 40 newly-constructed hotel rooms. The loan was funded for a seven-year term with an amortization of 25 years at an interest rate of 4.75%. The LTV is 75%.
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