Sources of Financing
[ Home ] [ Up ] [ Home Retailers Expanding Nationwide ] [ Lease Signings ] [ New Construction ] [ Who's Opening & Where ] [ Buyers & Sellers ] [ Exclusives ] [ Sources of Financing ] [ Real Estate Professionals Making The News ] [ Lead Sheet ] [ Food Retailers Expanding Nationwide ] [ Space Place ]

Sources of Financing

David Cronheim Mortgage Corp. (973-635-6800) secured financing of $4.2 million for a 125,320 sq.ft. center located in Hollywood, FL. The loan, placed with Greenwich Capital Financial Products, Inc. on behalf of Wharton Realty Group, Inc., has a term of 10 years and an amortization of 25 years.

The Madison Group (435-785-8350) offers the following loan types: hard money, commercial refinance, acquisition, construction, rehab/renovation, land development, bridge/mezzanine and SBA/USDA for apartment buildings, mixed-use centers, commercial office buildings and strip centers. Commercial loans vary from $500,000 and up, while hard money loans go from $250,000 and up.

Marcus & Millichap Capital Corp. (925-979-9810) arranged $4.34 million in financing for Oak Glen Center, a 29,374 sq.ft. center located in Yucaipa, CA. The center is tenanted by Carl’s Jr., Jose’s Mexican Food and Jersey’s Pizza. The financing was provided through a credit union at a 75% LTV, with a 5.75% interest rate. The loan is fixed for three years with an amortization of 30 years.