Sources of Financing
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Sources of Financing

JSBH Real Estate Investments, Inc. (845-344-1802) offers short-term mortgages from between $1 million to $500 million.

Martin Capital Group (270-527-5382) arranged $4.2 million in financing for a Walgreens location in Snellville, GA. The developer requested a permanent first mortgage structured as a 10-year interest-only loan, with a loan-to-value of 70%. The 14,820 sq.ft. drug store is situated on two acres at the intersection of Highway 124 and Ronald Reagan Parkway and has a 25-year lease.

First Capital Corp. (205-366-8460) offers financing for East Coast developers and principals for transactions valued between $25 million and $100 million. The funds are available for joint ventures, acquisitions and development, recapitalization or partner buyouts. Terms range from one to 10 years.

Meridian Capital Group (212-612-0165) arranged $10 million in financing for Yonkers Shopping Center, a 56,361 sq.ft. property on Central Avenue in Yonkers, NY. The company secured a rate of 5.725% over a 10-year term with three years interest-only. Tenants include Staples, Outback Steakhouse and Lucille Roberts.

Cambridge Capital Partners, LLC  (800-827-3035) offers a variety of loan programs, including hard money, conventional, construction, conduit, bridge and private equity. Financing of between $1 million and $100 million is available nationwide for retail, office, apartments, construction, mixed-use, development, industrial, net leased, land acquisition and transitional properties. Terms range from one to three years with loan-to-value of up to 75%.

Sterling Commercial Capital (206-366-0320) is a private direct nationwide commercial real estate mortgage lender specializing in hard-to-finance transactions. The company offers short-term bridge loans, 10-year terms, permanent and non-recourse loans. Bridge loans are available for $1 million to $20 million with terms of six months to three years.

Marabella Commercial Finance (760-479-0800) closed a Rite Aid construction loan for $5 million with one-month libor floating rate of 1.85%. The loan term is 24 months with a one- to six-month extension.

First Choice Equity Group, Inc. (610-439-2166) offers financing for office, retail and industrial properties, hotels, convenience stores and gas stations, automotive properties, owner-occupied restaurants and car washes.