Sources Of Financing
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Sources Of Financing

Position One, Inc. (770-948-4545) offers loans for all commercial property types, as well as construction and raw land from $750,000 to $25 million with a high LTV.

GMAC Commercial Mortgage Corp. (215-328-3842) provided $21.2 million in permanent, fixed-rate financing for Sunrise Plaza Retail Center, a 119,180 sq.ft. center located on Blossom Hill Road in San Jose, CA. The center is situated on a land area of 11.10 acres, is 100% leased and anchored by CompUSA, Western Appliance, SportMart, Marie Callender’s and Outback Steakhouse. The company also arranged $13.215 million in permanent, fixed-rate financing for Colonial Square Shopping Center, a 170,626 sq.ft. center located at the intersection of The Boulevard and Ellerslie in Colonial Heights, VA. The center is anchored by Ukrop’s, Peebles and Eckerd.

Marcus & Millichap Capital Corp. (949-851-3030) arranged $8.279 million of debt financing on Locust Grove Village, a 108,750 sq.ft. center located on Bill Gardner Highway in Locust Grove, GA. The center is anchored by Ingles and is cotenanted by Great Clips, Curves and Pine State Mortgage. The financing was provided through a conduit lender at a 70% LTV ratio and a 6.2% interest rate. The loan is fixed for 10 years with an amortization of 30 years.