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Sources of Financing
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Sources of Financing Asset Capital Corp., Inc. (301-656-2333) provided BTR Capital Group, LLC with a $14.7 million mezzanine loan. The loan supports the $66 million acquisition by BTR Capital Group of a 10-property mixed-use portfolio of industrial, office and retail properties primarily located in the Baltimore, MD metropolitan area.
GMAC Commercial Mortgage Corp. (215-328-3842) provided initial funding of $7.2 million in floating-rate, interim acquisition financing against an $8.275 million commitment for JFK Plaza, a center located in Waterville, ME. The 166,685 sq.ft. center is located on Kennedy Memorial Drive and is situated on a land area of 14.8 acres. Anchors include Hannaford Brothers Supermarket and an LL Bean retail call center. The company also provided $4.96 million in fixed-rate acquisition financing for Rivershoals Village, a 72,962 sq.ft. center located on Riverdale Road in Atlanta, GA. The center is currently 98% occupied, is situated on a land area of 13.9 acres and is anchored by Wayfield Foods.
KSI Capital, Inc. (201-712-0042) are 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.
Chillmark Associates (203-353-0897) offers loans from $500,000 to $50 million for retail, office and industrial properties nationwide. A minimum lease term of five years is required, but lengthier terms are preferred. The company offers amortization up to 25 years, with fixed-rate financing and debt coverage at 1.10x to 1.15x. The loans are non-recourse.
James Capital Group, Inc. (770-979-7300) specializes in financing of commercial and business projects nationwide and internationally. The company offers loans for land acquisition and development, commercial financing, business loans, international financing, asset base financing, project funding, credit enhancement and venture capital financing.
Realty Funding Corp. (518-433-0922) offers commercial loans from $100,000 to $1 million for acquisitions or refinances on all types of commercial properties, including restaurants, car washes, gas stations, strip centers, apartment buildings, offices, warehouses, funeral parlors and storage facilities.
Wellington Capital Group, Inc. (561-784-7955) offers 100% debt financing, with no equity participation by the lender.
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