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Sources Of Financing
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Sources Of Financing Mercury Capital Corp. (212-661-8700) offers loans from $1 million to $15 million featuring interest rates beginning at 10%, LTV at 65%, with up to 80% considered. Loan terms are interest only and range up to two years.
L.J. Melody & Co. (206-224-1670) arranged financing of $24 million for Bella Bottega Shopping Center located in Redmond, WA. The 182,000 sq.ft. center is tenanted by QFC, Bartell Drugs, Regal Cinemas, Starbucks and Charles Schwab.
Live Oak Capital (713-993-1339) arranged financing for a West 19th Street retail center located in the Heights area of Houston, TX. The 25,000 sq.ft. center is currently 85% leased. Morgan Stanley Mortgage Capital provided a 10-year loan with an amortization of 30 years for the non-anchored center.
Aries Capital (708-488-1485) arranged financing of $4.2 million for a 15,158 sq.ft. Walgreens in Las Vegas, NV. The store is situated on a land area of 1.68 acres at 9034 South Eastern Avenue. The five-year loan was funded at an interest rate of 5.52% and has an amortization of 30 years.
Spence Hill Associates (571-641-3050) arranged construction and permanent financing of $5 million for Miller Place Commons, a center located at the intersection of Pipe Stave Hollow Road and Route 25 A in Miller Place, NY. The property is an existing 19,000 sq.ft. center that is being expanded via construction of an 11,000 sq.ft., freestanding CVS and a 2,000 sq.ft. Suffolk County Bank branch. Completion is slated for the Summer. In addition, the property features approximately four acres of additional land for future development. The loan is for 10 years at a fixed rate. |