Sources Of Financing
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Sources Of Financing

Bison Financial (727-289-4400) closed on a $1.75 million loan to refinance existing higher interest rate mortgage debt on a 38,300 sq.ft. Fort Myers, FL neighborhood retail strip center. Tenants include a 25,300 sq.ft. telemarketing call center and a mix of mom & pop local businesses.

Aries Capital (312-261-6161) arranged an $8.2 million loan for Sinagua Plaza, a 29,989 sq.ft. center located in Sedona, AZ. The center is currently 95% occupied and is situated on a land area of 2.3 acres at 320 Highway 89A. The $8.2 million loan was provided for a seven-year term over an amortization of 30 years at a 5.9% fixed interest rate. The LTV was 68% of the appraised value.