Sources of Financing
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Sources of Financing

Meridian Capital Group, LLC (212-612-0165) arranged the financing of $4.8 million for Village Square, a 25,000 sq.ft. property in Warren, NJ on Mountain Boulevard. The loan carries a 10-year term. The company also secured $4.5 million for North Wales Plaza, a 37,091 sq.ft. site in Montgomeryville, PA. The company negotiated a rate of 6.5% over a 15-year term. Meridian Capital Group also arranged a $2.2 million loan for a 10,993 sq.ft. building on Route 46 in Totowa, NJ. The company secured a rate of 6.25% over a seven-year term.

New York Urban Real Estate Investments (212-527-7105) offers bridge and mezzanine loans of $500,000 to $5 million for multi-family, industrial, office and retail properties as well as acquisition loans. The loan terms are from six months to two years. First and second mortgages are available as well as mezzanine debt. The loan parameters include stabilized, non-stabilized and construction loans.

Corona Capital, LLC (401-419-6507) has $1 million to $200 million in financing available for real estate and land acquisitions. The company offers 80% LTC on condo conversions and development projects.

Ashlin Global Capital (212-253-4221) offers transitional financing of $5 million to $40 million non-recourse for retail, hotel, industrial, multi-family and office properties. The company offers loans with one- to three-year terms with 90% LTC and 85 loan-to-value. There are one-year extensions available at 0.5% per annum.

Chicago Capital Management Group (312-932-0776) arranges financing for single-tenants, corporate office, retail, multi-family and industrial/warehouse/distribution properties nationwide. The company offers loan amount of $2 million and up with DSCR at 1.00X, maximum LTV of 100% with fixed and/or floating competitive interest rates and non-recourse liability.

Cohen Financial (415-397-2200) secured $13.2 million in financing for the acquisition, renovation and expansion of Elk Park Village in Elk Grove, CA. The floating-rate, non-recourse, 36-month bridge/construction loan is structured with one six-month extension. The company also secured $12.25 million in non-recourse debt financing for West Valley Properties to acquire Glendale Center, located in Glendale, AZ. The loan is structured with a 10-year term, 30-year amortization with five years of interest-only payments.