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Source of Financing
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Source of Financing
Financial Title Co. (800-588-5488) provides title and escrow solutions nationwide. The company has continued to expand its resources for all customers to include refinance transactions, commercial, high liability, lender services, manufactured housing and business sale escrows. Financial Title Co. is one of the Mercury Companies, which represents the nation’s largest underwritten title organization.
CFO Capital Partners (315-633-9653) offers floating rate bridge loans and fixed rate mezzanine loans for retail properties. The company also offers hard money, land financing, equity for commercial development and mortgage sale/acquisition.
Cronheim Mortgage Corp. (973-635-6800) secured financing of $9.7 million for two retail properties in Poughkeepsie, NY on behalf of American International Group. For Poughkeepsie Plaza, $6.4 million was arranged on a 10-year term to amortize over 30 years. The 175,223 sq.ft. center is anchored by Marshalls and Modell’s and has over 44 tenants. The company also arranged $3.3 million for a 32,202 sq.ft. building tenanted by Petco. The loan has a five-year term and will amortize over 25 years.
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