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Sources Of Financing
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Sources Of Financing GMAC Commercial Mortgage Corp. (215-328-3842) provided $22.5 in fixed-rate, acquisition financing for a Snowmass, CO multi-tenant retail property. Snowmass Village, a 39,769 sq.ft. center located on Daly Lane, consists of three buildings that contain a total of 27 units. The company also provided $25 million in permanent, fixed-rate financing for phase one of Columbus Commons, a center located at the intersection of Columbus Boulevard and Snyder Avenue in Philadelphia, PA. The center is anchored by a 315,000 sq.ft. IKEA and a 161,000 sq.ft. Lowe’s Home Improvement. Cotenants include a 30,000 sq.ft. Best Buy.
Hudson Realty Capital, LLC (201-343-3250) originates high-yield bridge and mezzanine loans, invests directly in real estate and acquires under-performing mortgages and other real estate related instruments.
Marabella Commercial Finance (760-479-0800) is offering loans for drug stores with fixed rates of 5% to 5.40%. The stores must have terms of 10 years with an amortization of 25 years to 30 years and an LTV of up to 80%.
Southeastern Mortgage Partners, LLC (800-779-9967) offers loans from $500,000 to $5 million, as well as six-month, three-year, five-year, seven-year and 10-year terms, amortization of 25 years, an 80% purchase, 85% CLTV with seller second and 75% cash out. |