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Sources of Financing
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Sources of Financing BMC Capital (214-526-7178) arranged an acquisition loan of $2.84 million for the Plaza at Royal Oaks Retail Center in Houston, TX. The loan has a 10-year fixed rate and an amortization of 30 years.
Cohen Financial (312-346-5680) offered financing for the following sites: $18.9 million for an 88,840 sq.ft. center located in Chicago, IL; $6.4 million for a 49,984 sq.ft. center located in Chicago, IL; $12.2 million for a 96,946 sq.ft. center located in East Lansing, MI; $8.8 million for a 103,442 sq.ft. supermarket-anchored center in Shakopee, MN; $19 million for a 216,350 sq.ft. center located in Chicago, IL; $11.4 million for a 19,500 sq.ft. center located in Chicago, IL; $8.51 million for an 89,644 sq.ft. center located in Palos Park, IL; $7 million for a 43,544 sq.ft. center located in Cedar Rapids, IA; $11.5 million for a 23,303 sq.ft. center located in Skokie, IL; $14.3 million for a 91,227 sq.ft. center located in McHenry, IL and $8.2 million for a 69,292 sq.ft. center located in Madison, WI. The company also offered financing for the following sites: $3 million for a 5,115 sq.ft. single tenant site in Vernon Hills, IL; $5 million for a 14,595 sq.ft. single tenant site in Vernon Hills, IL; $4.8 million for a 26,000 sq.ft. center in Round Lake, IL; $2 million for a 36,000 sq.ft. center in West Carrollton, OH; $2 million for an 11,052 sq.ft. center in Independence, MO; $1.8 million for a 15,000 sq.ft. single tenant site in Westchester, IL; $4.3 million for a 20,000 sq.ft. center in Westchester, IL; $1.74 million for a 10,770 sq.ft. center in Blue Spring, MO; and $1.8 million for a 10,000 sq.ft. center in Wheaton, IL.
Metrick Commercial Finance (847-272-3306) offers financing from $25 million for commercial sites to $35 million for multi-family sites, with LTV of 75% refinance to 80% purchase for multi-family; amortization up to 30 years, non-recourse available over $1 million with standard carve-outs. The company offers programs from a three-year fixed rate to a 10-year fixed rate.
Tremont Realty Capital (617-867-0700) offers bridge, mezzanine, equity and permanent lending programs for acquisition, renovation and development financing. In addition, the company’s investment banking advisory services include debt and equity placements, property sales and strategic and transaction-oriented consulting services.
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. |