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Sources Of Financing
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Sources Of Financing Community South Small Business Lending (301-767-5942) offers loans from $250,000 to $5 million for hotel, car wash, office/condo, gas stations and convenience stores. The company also has SBA and some lower LTV conventional programs, as well as construction loans in limited areas east of the Mississippi River.
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.
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.
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.
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