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Sources of Financing
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Sources of Financing Real Business Loans, LLC (800-516-7382) offers 100% commercial real estate financing. The program has been designed to deliver a flexible borrower the ability to finance value-added commercial real estate opportunities. It offers fast funding of highly leveraged mortgages from $200,000 and up and is open to negotiating flexible terms on properties located nationwide. The company offers acquisition, construction and renovation financing for apartments, retail, industrial, office and condominiums nationwide from $200,000 and up.
Marabella Commercial Finance (760-479-0800) closed on a permanent loan for a Jack In The Box. The borrower wanted to refinance into a fixed rate. The loan amount was $950,000 with a fixed rate of 6.48% with an amortization of 20 years and a term of 10 years.
Heinch Lending Group, Inc. (754-234-8934) offers loans from $1 million to $20 million for projects nationwide. The company also offers up to 90% LTC on development projects, up to 75% LTV on land and up to 90% LTV on lot loans for FL, as well as 100% construction loans. For private commercial loans, the company offers loans from $1 million to $25 million nationwide with rates ranging from 9.5% to 13%.
Commercial Defeasance, LLC (704-248-2609) structured and closed a $17.7 million defeasance transaction of behalf of WP Realty, Inc., a Bryn Mawr, PA-based real estate investment, development, leasing and management company. The defeased retail property, Lordens Plaza Shopping Center is a 148,000 sq.ft. center anchored by Shaw’s supermarket in Milford, NH. The defeasance enabled WP Realty, Inc. to refinance the property with Greenwich Capital for $26 million.
Van Corp Financial (941-927-3438) offers private equity funding with a minimum of $10 million for U.S.-based projects that involve land, construction and development and is backed up by a market study and analysis that support the chances of success. The principle must have experience in projects similar to what is being presented for consideration. The company charges no interest, no points and no preclosing fees and the client must pay for their own third party reports.
KSI Capital, Inc. (201-712-0042) is a well-capitalized direct hard money lender for commercial properties and is looking to fund opportunities nationwide as well as internationally. The company also is looking to participate in joint ventures and equity projects. Loans start at $1 million.
Capmark Finance, Inc. (215-328-3381) provided $1.575 million in fixed-rate financing for Morningside Shopping Center located on Suitland Road in Suitland, MD. The center is situated on a land area of 2.33 acres and consists of three, one-story retail buildings comprising an unanchored strip center with a GLA of 18,421 sq.ft. Tenants include New Creative Childcare, Eagle Check Cashing and Andrew Cleaners. Capmark is a leading real estate financing company with three core businesses: lending and mortgage banking, investments and fund management and loan servicing. Capmark operates locations in North America, Europe and Asia.
Holistic Real Estate Investment Group (916-773-0220) is looking for viable commercial and residential projects to acquire, arrange financing as a private non bank lending source, and/or acquire as a joint venture partner to be held in its portfolio. Opportunities nationwide will be considered. The company looks for commercial properties to finance, in addition to acquiring properties for its own portfolio with asking prices under $20 million per transaction. The company offers loans for office buildings, retail strip centers, medical suites, hotel/motel, churches, gas stations and golf courses, etc.
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