Sources of Financing
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Sources of Financing


Holliday Fenoglio Fowler arranged $115 million in financing for the Grove at Wesley Chapel, an 800,000 sq.ft. retail center being developed by ECHO Real Estate Development Co. and Cornerstone Real Estate Advisors in Wesley Chapel, FL. The center is 50% preleased with committed tenants including Dick’s Sporting Goods, Michaels, PetSmart, Ross Dress for Less, Bed Bath & Beyond, Ulta and a 16-screen Cobb Theatres megaplex. The center is slated to open this fall.

For details, contact Holliday Fenoglio Fowler, 2 Alhambra Plaza, Penthouse IIA,
Coral Gables, FL 33134; 305-448-1333, Fax 305-448-6767;
Web site: www.hfflp.com

Martin Capital Group, LLC offers financing for new Walgreens and CVS properties in strong locations and prefers long-term leases. The company will also fund select Rite Aid properties. For existing properties, the company requires a strong location, minimum of 15 years remaining on the initial lease term and sales of $400 psf and up. Minimum loan amounts are $2 million with 10-year loan terms at a maximum amortization of 30 years. The company offers fixed and competitive interest rates and a maximum LTV of 70% to 75%.

For details, contact Craig Williams, Martin Capital Group, LLC, 1620 Walnut Street, Benton, KY 42025; 270-527-5382, Fax 270-398-0040.

Corporate Solutions of NY offers loans from $400,000 to $2 million for multi-family, mixed-use, office, retail, warehouse, self-storage, mobile home parks, light industrial, restaurants, hotels/motels and automotive service properties. The company offers refinance, acquisitions and cash-out loans with up to 80% LTV.

For details, contact Larry Carpenter, Corporate Solutions of NY, 315-697-2860, Fax 845-622-3544.