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Sources of Financing
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Sources of Financing Premier Funding Source (419-206-3372) offers hard money funding for all commercial property types from $1 million and up. The loans range from one to three years with rates as low as 10%, interest only, no prepayment penalties and LTV up to 75%. The company can close within five to seven business days and has no commitment fees. Other types of commercial funding available include development projects, bridge loans, and private equity project funding for casinos, hotels, resorts, arenas and office buildings.
Parente Capital (516-481-2152) offers acquisition and development loans, bridge loans and mezzanine loans from $50,000 to $5 million; commercial property and land loans from $150,000 to $1.5 million; bridge loans on commercial property from $500,000 to $15 million for multi-family, industrial, hotels, health care, office, retail and mixed-use properties.
TenRock Capital, LLC (212-218-7593) provides hard money loans east of the Mississippi River, TX and the five boroughs of New York, NY. The company offers loans from $100,000 to $5 million. The company also has the capacity to lend as much as $50 million.
Johnson Capital Partners of Arizona, LLC (602-957-1112) provided capital advisory services to the ownership in the placement of an $18.5 million acquisition/rehabilitation loan for Broadstone at the Ranch, a center located northwest of Denver, CO. The site will be renovated and repositioned for the marketplace. The five-year loan structure provided flexibility to maximize cash flows during the rehab and to prepay the loan within the term. Johnson Capital is a commercial mortgage banking and capital advisory firm specializing in providing capital for commercial real estate transactions, including senior debt, mezzanine debt, structured debt, bridge debt and joint venture equity.
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