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Sources Of Financing
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Sources Of Financing Wrightwood Capital (312-324-5943) provided $30.25 million to finance the acquisition, lease-up and land parcelization of retail outlots in Phoenix, AZ. The acquisition consists of numerous non-contiguous parcels surrounding the Metrocenter Regional Mall in central Phoenix, AZ. The sites total approximately 28 acres and contain 121,803 sq.ft. of retail space and approximately 836,000 sq.ft. of ground leased space. The borrower intends to lease the vacant space, renew existing leases and further subdivide the parcels for disposition.
Commercial Capital Bank (949-790-2202) offers adjustable rate loan programs for 10 years with an amortization of 25 to 30 years, a 1.25x DCR with maximum LTV of 75%. The company also offers fixed-rate loans programs that offer amortization of 30 years, a minimum DCR of 1.25x and maximum LTV of 80%.
Inland Mortgage Capital Corp. (630-218-4923) offers loans from $3 million to $20 million for retail, apartments, industrial, office, condominiums and condominium conversions nationwide. The loan terms range from six months to 36 months with full recourse and non-recourse options. The company will fund up to 100% of cost while not exceeding 75% LTV upon stabilization for office, retail and industrial properties.
Marcus & Millichap Capital Corp. (949-851-3030) arranged $5.95 million in debt financing for Batesville Factory Stores, a 130,000 sq.ft. center located in Batesville, WI. The financing was provided through a credit union at a 75% LTV, with a 6.29% interest rate. The loan is fixed for five years without a pre-payment penalty, with an amortization of 30 years. The company also arranged $5.2 million of debt financing on a retail property located in Fairhaven, MA. The 20,709 sq.ft. property consists of two adjoining parcels net leased by Uno Chicago Grill and Walgreens. The financing was provided through a conduit lender at an 80% LTV, with a 5.5% interest rate. The loan is fixed for 10 years with an amortization of 30 years.
Seaquis Capital, Inc. (480-213-5251) offers commercial real estate acquisition loans, construction loans and short term hard money loans for developments, expansion or rehabilitations. All types of project proposals are welcome, including acquisitions, bridge loans, construction financing, daycare facilities, factory outlets, hotels, warehouses, international financing, joint ventures, land loans, leasing programs, marinas, master-planned communities, mixed-use centers, regional malls, resorts, restaurants, sale/leasebacks, self-storage facilities and shopping centers.
Florida Bond and Mortgage, Inc. (954-566-7485) arranged a $2 million permanent first mortgage loan on a 13,050 sq.ft. CVS store located on North Young Boulevard in Chiefland, FL. Financing was provided by StanCorp Mortgage Investors, LLC.
Affinity Funding (734-374-3463) is offering commercial loans on commercial, apartments and multi-family properties nationwide. The loans offered are adjustable and fixed rates, as well as adjustable to fixed combinations.
Bank Atlantic Commercial Mortgage Capital (561-391-1737) offers mortgage loans on commercial real estate assets nationwide. The company focuses on CMBS/conduit loans from $5 million to $50 million, but will compete for loans as small as $2 million and as large as $100 million. The company offers loans for multi-family, mobile home parks, retail, office, industrial, self-storage facilities, single-tenant properties and other sites.
GMAC Commercial Mortgage Corp. (215-328-3842) arranged $19 million in permanent, fixed-rate financing for Village Square at Kiln Creek Shopping Center, a 267,000 sq.ft. center located on Victory Boulevard in Yorktown, PA. The center is anchored by Super Kmart. |