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Sources Of Financing
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Sources Of Financing Commercial Net Lease Realty, Inc. (407-650-1150) offers acquisitions, expansion and estate-planning capital at fixed, long-term rates through sale-leaseback financing. The company provides all-cash acquisitions with no financing contingency, no commitment fees and quick and certain closings. The company offers loans for single-tenant, net-leased retail properties, with terms from five to 20 years, and up to $100 million.
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.
United Capital Group (248-236-9237) is seeking credit tenant lease financing opportunities on single-tenant properties or ground leases nationwide from $3 million and up. Loan term and amortization will run coterminous with the primary lease term. Tenants must be investment grade having a minimum corporate credit rating of BBB- or Baa3. Loan amounts up to 100% of value, underwritten with debt coverage as low as 1.00x are offered. Forward commitments will be considered on a case by case basis.
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.
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