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Sources Of Financing
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Sources Of Financing MortgageCap Financial (212-631-4272) offers financing for residential and commercial developments from $1 million to $350 million, including condominium projects, hotels and motels, single and mixed-use projects, retail and office buildings. The company can also do deals with credit issues and entitlement issues and are seeking principals that have experience and capital to bring into their deals. The company is flexible and is looking for projects that can be financed. The company does not entertain 100% financing requests.
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. |