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Sources Of Financing
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Sources Of Financing Commercial Finance Group (818-882-1777) offers commercial property loans.
Johnson Capital Partners (949-660-1999) provided exclusive capital advisory services to Vestar Development Co. in the placement of a $75.75 million permanent mortgage for Desert Ridge Marketplace, a 1.1 million sq.ft. center in Phoenix, AZ. The financing was placed with ING Investment Management, LLC in Atlanta, GA through ING’s local correspondent, GMAC Mortgage in Phoenix. Johnson Capital Group is a real estate advisory firm specializing in real estate capital transactions, including senior debt, mezzanine capital, joint venture equity, structured debt and bridge debt.
AEI Fund Management, Inc. (800-328-3519) offers financing for freestanding and NNN-leased restaurant and retail property.
Meridian Capital Group, LLC (212-972-3600) offers financing from $500,000 to $500 million for retail, multi-family, co-op, office, industrial, hotel, mixed-use and self-storage facilities. The company offers the following loans: fixed-rate, floating rate, construction, mezzanine, bridge, forward commitments and renovation/repositioning. The company also has specialists for portfolios, small loans, capital markets and large loans, construction lending and a mezzanine group.
Land America (212-973-4807) offers loans for 1031 exchanges.
Martin Capital Group (270-354-6394) offers loans from $1 million to $5 million for retail, mixed-use, single tenant drug stores, office, multi-family and self-storage facilities. For loans under $3.5 million, all third party and legal costs are capped at $9,900 for all of the standard property types (excluding single-tenant drug stores). Loans from $3.5 million to $5 million feature low third party and legal costs. Drug stores are capped at $11,000. The company also offers user-friendly loan documentation, LTVs of 75% to 80%, closings in 60 days or less and an amortization up to 30 years.
David Cronheim Mortgage Corp. (973-635-6800) secured financing for two mixed-use buildings located in Summit, NJ. Acquisition financing of $1.5 million was arranged for the Roots Building located at 401 Springfield Avenue. The loan was placed for Bassett Associates, LLC and has a 10-year term and an amortization of 25 years. Also secured was a line of credit, as a second mortgage, of $1 million for a site located at 311-317 Springfield Avenue. The property at 401 Springfield Avenue is a 19,439 sq.ft. retail/office space that is 100% occupied. The property at 311-317 Springfield Avenue is a 26,000 sq.ft. office/retail and apartment building. Tenants include H&R Block and Richland Knowles Insurance Co. Area demographics include a population of 13,464 within one mile earning $118,319 as the average household income.
Fairmont Capital (212-937-6100) offers loans from $500,000 to $100 million nationwide, with a preference on the northeastern U.S. The company offers loans for retail, industrial, multi-family, office buildings, hospitality, land loans, construction and development, bridge/interim and financing and construction with takeout. The loans have a DCR of 1.05 and an LTV of 90% and come with various amortization, fixed and adjustable rates, five and 10-year treasury, LIBOR and Prime. The company recently provided financing of $12 million for a retail site in New Haven, CT; $12 million for a center in North Andover, MA; $15.2 million for a retail site in Sacramento, CA and $2.1 million for a retail site in PA.
Affinity Funding (734-374-3463) offers loans from $100,000 and up on commercial and multi-family properties nationwide. The company offers adjustable and fixed, as well as fixed to adjustable combinations, for acquisition, refinance, construction, rehab, bridge or hard money for apartments, nursing homes, mixed-use, automotive, self storage, office, flagged hotels and motels, owner-occupied sites, industrial, retail (single credit tenant) and anchored and non-anchored centers.
Bayview Financial (866-903-1031) offers commercial mortgage lending and financing for the sale of property and for replacement property. The company also offers an inventory of properties available for identification as a replacement. |