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Sources Of Financing
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Sources Of Financing Holistic Real Estate Investment Group (916-449-9572) is looking for viable commercial projects to purchase, arrange financing as a private non-bank lending source and/or acquire as a JV partner to be held in its portfolio. The company is a private lending consortium with internal ties to pension, institutional and private capital specializing in “boutique style lending” with the capacity to make expeditious financing decisions on viable properties using its own capital or sources of private capital/financing instruments. Acquisition funding is available for domestic or foreign projects on a case-by-case basis where verifiable and appropriate detailed documentation is provided for its review. The company is looking for commercial properties that are less than $60 million per transaction to finance and less than $60 million to purchase per transaction, retail and strip centers, raw land development opportunities in or near major metropolitan areas with entitlements already in place having limited zoning restrictions and construction financing for commercial projects. The company also has acquisition in addition to construction to permanent financing for commercial projects that are less than $70 million per transaction.
Dominion Mortgage Corp. (310-477-3041) offers fixed and variable commercial loans of $1 million to $50 million for retail and single tenant properties.
United Capital Group, LLC (248-682-6650) is seeking credit tenant lease financing opportunities on single-tenant properties or ground leases leased to investment-grade tenants nationwide from $3 million and up. The loans are non-recourse except for standard carve-outs. The program typically provides loans in excess of 100% of total cost. Interest rates are fixed for the life of the loan, which run from 25 to 30 years. Term and full amortization will run coterminous with the primary lease term. Tenants must be investment grade with a minimum rating of BBB- or Baa3.
Cornerstone Commercial Mortgage (702-379-3468) is offering a loan program for lenders seeking commercial real estate loans on income-producing properties throughout San Diego, CA. Loans vary from $500,000 to $1.5 million.
TCRM Commercial Corp. (212-371-3933) is offering institutional loans from $100,000 and up for mixed-use and strip centers, multi-family, warehouse/industrial, retail/office, automotive, owner-occupied/single tenant, special purpose and non-seasoned properties. The company also offers private/hard money loans from $100,000 to $5 million nationwide. Interest rates range from 12% to 16%, LTV up to 60%, terms from one to five years and interest-only payments.
Position One, Inc. (770-857-4427) provides funding and financing for commercial real estate acquisitions and refinances nationwide from $500,000 to $20 million. Funding is available for apartments, golf courses, shopping centers, land, warehouses, residential developments, commercial developments and new construction.
Wextrust Capital (212-643-6190) is looking to participate in commercial real estate and development projects throughout the metro New York, NY area. Typical projects range from $2 million to $10 million (total equity requirement). The company can finance up to 80% of the total equity (90% of the cost), but will not finance 100% of the total equity.
GMAC Commercial Mortgage Corp. (215-328-3842) provided $4.075 million in fixed-rate, acquisition financing for a Statesboro, GA retail property occupied by Walgreens. Mayflower Realty Investments Statesboro, LLC received the funding. GMAC Commercial Mortgage Corp., a wholly owned subsidiary of GMAC Commercial Holding Corp., is a financial services firm with extensive funding sources that serves the needs of commercial real estate debt as well as the providers of such capital.
RHK Financial Group, LLC in partnership with Seaquis Capital, Inc. (480-213-5251) can provide commercial real estate acquisition loans, construction loans and short-term hard money loans for developments, expansion or rehabilitations. Conventional, equity, mezzanine, private equity, private money, hard money, joint venture, reverse mergers or principals, $500,000 with no maximum, 90% to 100% LTV/LTC is available for the right project or principals. The company has a database of direct lenders that will provide a terms sheet within 72 hours. Welcomed project proposals include acquisitions, factory outlets, regional malls, retail centers (anchored and unanchored), sale/leasebacks and strip centers.
Meridian Capital Group (212-612-0165) recently secured $11.3 million for the refinancing of an anchored retail building for H&M Enterprises. The 101,495 sq.ft. property Ocean Square, is located on Coastal Highway, the main north/south artery in Ocean City, MD. The rate is 5.26% with a 10-year term. Cotenants include Food Lion, Blockbuster Video, Burger King, Long & Foster, Sherwin Williams and Dunkin Donuts.
Affinity Funding (734-374-3463) offers commercial loans of $100,000 and up nationwide. The company offers loans for retail, single credit tenants and anchored or non-anchored centers. The company allows adjustable and fixed rates as well as adjustable to fixed combinations.
Bedford Lending Corp. (603-647-4646) offers high leverage small commercial loans for retail centers of $300,000 to $1 million for two to 30 years with a rate of 8%. Benefits include cash-out, up to 90% with seller second and “hard to do” deals. The company also offers a commercial loan program for a minimum of $1 million dollars for five to 30 years at 5.65%. The program’s benefits include cash-out, non-recourse, 75% to 80% loan to value, a long-term fixed rate and security of an 5% mezzanine loan. The company’s credit tenant program is for minimum B2 rated tenants and retailers like Walgreens and Wal*Mart. The minimum loan is $1 million for five to 30 years at 6.25%. The program benefits include 1.03x’s for AAA and .10x’s for B tenants.
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.
Commercial Net Lease Realty, Inc. (407-650-1150) offers acquisitions, expansion and estate-planning capital at fixed, long-term rates through sale-leaseback financing. The company provides all-cash acquisitions with no financing contingency, no commitment fees and quick and certain closings. The company offers loans for single-tenant, net-leased retail properties, with terms from five to 20 years, and up to $100 million. |