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Sources Of Financing
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Sources Of Financing David Cronheim Mortgage Corp. (973-635-6800) secured financing of $1.8 million for a 14,940 sq.ft. center located on U.S. Route 9 in Freehold, NJ. The loan has a term of 10 years and an amortization of 25 years. The single-story building is 100% occupied by two tenants, David’s Bridal and Dunkin’ Donuts.
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.
GMAC Commercial Mortgage Corp. (215-328-3842) arranged $1.925 million in permanent, fixed-rate, acquisition financing for Windsor Plaza Shopping Center located on FM 529 Road in Houston, TX.
Johnson Capital Partners of Arizona (602-957-1112) arranged financing of $6.1 million for Peoria Marketplace, a 20,984 sq.ft. center, and for a 4,500 sq.ft. freestanding bank facility adjacent to an Albertsons/Osco store in Peoria, AZ.
Dominion Mortgage Corp. (310-477-3041) offers single-tenant, multi-tenant, retail portfolio (anchor and non-anchor), distribution warehouse, hotel, industrial and strip center financing.
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