|
Source Financing
|
|
|
Sources of Financing State Street Commercial Mortgage (617-259-1997) finances almost any property type and structure, from permanent, bridge, development and construction, joint venture, equity, and private money. In addition, the company offers direct lending services in many cases through its own private money fund and warehouse lines. Its transactions cover the full range of asset types from apartments, mixed-use, retail, office, industrial, self storage, condominiums, subdivisions, hotels and specialized property types.
The Chicago Capital Management Group (312-932-0776) arranges financing for single-tenant, corporate office, retail, multifamily and industrial/warehouse/distribution properties nationwide. The company offers loan amounts of $2 million and up with DSCR as low as 1.00X, maximum LTV of 100% with fixed and/or floating competitive interest rates and non-recourse liability. Closing can occur within 45 days. For loan amounts up to $3 million, the company can serve as the originator and direct lender. This program is targeted toward loans with less than investment grade credit. Rates are competitive with bank rates and can be fixed for up to 10 years of the 30-year loan term. At the end of the fixed rate period, rates float at a spread over LIBOR. In addition, the company provides quick and accurate estimates for loan defeasance costs.
Great Florida Bank (305-514-6987) offers acquisition, construction, renovation and longer term financing for retail centers, apartment projects, hospitality, industrial, build-to-suits and office projects, as well as acquisition and development and construction financing for residential subdivisions. |