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Source of Financing
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Source of Financing M. Anthony H. & Associates (518-433-0865) specializes in small balance commercial loans from $400,000 to $3 million and large balance commercial loans from $3 million to $50 million and more. The company offers funding for the following properties: offices, multi-family/apartments, medical/dental offices, surgical centers, retail shopping centers, office/warehouse, manufacturing, industrial, self-storage facilities, single-tenant buildings, new construction, hotels/motels, veterinary clinics, auto dealerships, restaurants, convenience stores, car wash facilities and health clubs.
Martin Capital Group (270-527-5382) arranged financing of $3.9 million on a Walgreens drugstore located in Humble, TX. To assist in the facilitation of a 1031 exchange, the borrower requested a first mortgage structured as a 10-year, interest-only loan with an LTV of 75% in order to provide a higher cash flow and improved cash-on-cash return against other loan structures. The loan was structured without requirements for TI/LC reserves, CapEx reserves and tax and insurance impounds. The 14,820 sq.ft. store is situated on a land area of approximately two acres on North Sam Houston Parkway East. The store is on a 25-year NNN lease. The company offers loans from $15 million and up with LTV up to 85% for acquisitions or 80% for refinance, DSCR of 1.20 and interest-only amortization. The fixed interest rate is determined by market rates at the time of the rate lock.
BMC Capital (214-526-7178) offers NNN retail and industrial recourse and non-recourse financing from $500,000 to $10 million. The maximum LTV is 75% with an amortization of 30 years and fixed-rate terms from three years, five years and 10 years with rates of 6% to 7%.
Johnson Capital Partners of Arizona, LLC (602-957-1112) 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. The company’s Irvine, CA office (949-660-1999) procured permanent financing of $35.25 million for North Mesa Plaza, a 206,720 sq.ft. center with pad sites located in North Las Vegas, NV. The center is tenanted by Vons, Rite Aid, Petco, OfficeMax, Starbucks, Blockbuster Video, Autozone, Applebee’s and Panda Express. Wal*Mart is the shadow anchor. The loan, which was underwritten to 70% of the appraised value of the offered collateral was funded by Babson Capital Management, LP.
Cronheim Mortgage Corp. (973-635-6800) offers loans from $500,000 and up for properties nationwide, with a focus on NJ and NY. The company offers bridge, acquisition, sale/leaseback, mezzanine and forward commitment loans, as well as renovation/repositioning. The company also offers LTV up to 90% and terms and amortization up to 30 years. The company also has secured financing of $32 million for a 208,069 sq.ft. center located at the intersection of Hempstead Turnpike and Newbridge Road in East Meadow, NY. The loan was placed at an interest rate of 5.29% and has a term of 15 years with an amortization of 30 years. The center is anchored by a 117,335 sq.ft. Wal*Mart and a 63,357 sq.ft. Stop & Shop. The center is situated on a land area of approximately14.88 acres.
Corporate Solutions of NY (315-697-2860) offers creative hard money loans from private investors. LandAmerica (212-973-4807) offers services for 1031 exchanges in order to save 100% on capital gains tax. Meridian Capital Group, LLC (800-769-3325) offers loans for multi-family, condominiums, office, retail, hotel, industrial, mixed-use, self-storage and construction. With $16 billion in transactions last year, Meridian is one of the nation’s largest commercial brokerages. The company offers loans from $500,000 to $500 million. For more information, go to http://meridiancapital.com
Eastern Union Commercial Real Estate (866-862-4800) provided $11.2 million in financing for a shopping center in Broward County, FL.
Across America Real Estate (303-893-1003) provides 100% project financing for retail developments. The company specializes in single pad, small box commercial developments from $1 million to $5 million. The company works with developers, retailers, franchisees and brokers.
Nation Direct Capital Corp. (770-752-1937) offers loans from $1 million to $500 million for properties nationwide. The company offers bridge, construction, acquisition, sale/leaseback, mezzanine, forward-commitment and renovation/repositioning loans, with LTV up to 100% and terms and amortization up to 30 years.
1st Advantage Funding (512-707-7227) offers funding for distressed commercial properties nationwide.
Eastgate Equities (626-577-7476) provides loans from $500,000 to $20 million for properties nationwide. The company offers the following types of loans: bridge, construction, acquisition, sale/leaseback, mezzanine, forward-commitment and renovation/repositioning. The company also offers floating and fixed-rate loans, with LTV of 60% to 95% and terms of one to 30 years. Interest rate caps are available only on adjustable loans.
M. Anthony H. & Associates (518-433-0865) offers a wide range of commercial real estate loans and specializes in small balance commercial loans from $400,000 to $3 million and large balance commercial loans from $3 million to $50 million and more. Properties include offices, multi-family/apartments, medical/dental offices, surgical centers, retail centers, office/warehouse, light/heavy manufacturing, industrial, self-storage facilities, single-tenant buildings and new construction.
Bank Atlantic Commercial Mortgage Capital (561-391-1737) offers mortgage loans on commercial real estate assets nationwide. The company focuses on CMBS/conduit loans from $5 million to $50 million, but will compete for loans as small as $2 million and as large as $100 million. The company offers loans for multi-family, mobile home parks, retail, office, industrial, self-storage facilities, single-tenant properties and other sites.
Pacific Mortgage Funding Corp. (562-864-4006) offers the following loans from $1 million to $125 million: anchored retail with 10 to 15-year terms, LTV of 85%, DSCR of 1.01 and amortization of 25 to 30 years; unanchored retail with 10 to 15-year terms, LTV of 75%, DSCR of 1.30 and amortization of 25 to 30 years, self-storage facilities with 10 to 15-year terms, LTV of 75%, DSCR of 1.30 and amortization of 25 to 30 years; convenience stores with terms of 20 to 25 years, LTV of 80%, DSCR of 1.45 and amortization of 20 to 25 years; mixed-use sites with 15 to 20 year terms, LTV of 75%, DSCR of 1.35 and amortization of 15 to 20 years; single-tenant sites with 10, 15 and 25-year terms, LTV of 80%, DSCR of 1.25 and amortization of 10, 15 and 25 years; outlet malls with 10 to 20-year terms, LTV of 70%, DSCR of 1.40 and amortization of 20 to 25 years and land with one, three and 15-year terms, LTV of 65% and amortization of 15 years.
Martin Capital Group (270-527-5382) arranged financing of $3.9 million on a Walgreens drugstore located in Humble, TX. To assist in the facilitation of a 1031 exchange, the borrower requested a first mortgage structured as a 10-year, interest-only loan with an LTV of 75% in order to provide a higher cash flow and improved cash-on-cash return against other loan structures. The loan was structured without requirements for TI/LC reserves, CapEx reserves and tax and insurance impounds. The 14,820 sq.ft. store is situated on a land area of approximately two acres on North Sam Houston Parkway East. The store is on a long-term, 25-year NNN lease. The company offers loans from $15 million and up with LTV up to 85% for acquisitions or 80% for refinance, DSCR of 1.20 and interest-only amortization. The fixed interest rate is determined by market rates at the time of the rate lock.
GMAC Commercial Mortgage Corp. (215-328-3842) provided $21.6 million in fixed-rate financing for a mixed-use property in Chicago, IL. The property is located on One East Ontario and comprises retail, office and residential space. The loan provided is secured by the first six floors of the 51-story, mixed-use property, as well as four floors and 203 spaces of an attached nine-story parking garage.
Marabella Commercial Finance (760-479-0800) closed a permanent financing loan of $735,000 with a Cap rate of 6.50% for a Payless ShoeSource location. The loan is for 10 years with an amortization of 30 years.
Commercial Capital (847-321-0160) offers loans for apartments, retail, office and medical, mixed-use properties, restaurants, diners, pubs, church and school facilities, auto body and auto repair stores, gasoline mini mart stations, gasoline service stations, auto lots and dealerships, mini storage and warehouse facilities, complete renovations, build outs and expansions, health care facilities, construction projects and land and unimproved land. The fixed-rate loans range from $350,000 to $10 million.
Morgan Creek (320-255-9848) offers acquisition, construction, renovation and refinance loans from $5 million to $30 million for apartments, retail, industrial, office and condominiums.
Chillmark Associates, Inc. (203-353-0897) offers bridge loans at 90% of cost from $3 million to $40 million for single assets or portfolios. The terms are set at two to three years interest only and are non-recourse except for standard carve-outs.
Bayit Capital (646-529-3303) offers hard money, bridge and mezzanine loans for multi-family sites, office buildings, shopping centers, hotels and land. The loans range from $500,000 to $20 million. LTV is 60% and closing can take place within three days after receiving a completed title.
KSI Capital, Inc. (201-712-0042) offers hard money loans for commercial properties. The company is looking for funding opportunities nationwide, as well as internationally. The company also is looking to participate in joint ventures and equity projects. Loans start at $1 million.
Realty Funding Corp. (518-433-0922) offers loans from $100,000 to $3 million for all types of commercial properties, including hard to place properties such as car washes, restaurants, rooming houses, funeral parlors and taverns, in addition to the standard multi-family, office, retail and storage facilities. |