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Sources of Financing
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Sources of Financing AEI Fund Management, Inc. specializes in single-tenant retail and restaurant NNN property financing and sale/ leasebacks. For more information, contact George Rerat, AEI Fund
Management, Inc., 800-328-3519; Meridian Capital, LLC provided $165 million in financing plus a $35 million mezzanine loan for a 120,000 sq.ft. retail property on Fifth Avenue in New York, NY. The company also financed $12.2 million for the 98,335 sq.ft. Brownstown Shopping Center in Brownstown, MI. The company also financed $11 million for the 204,054 sq.ft. West Fall Towne Center in Matamoras, PA. The company also provided $6.3 million for the 25,000 sq.ft. Topeka Plaza in Tarzana, CA. For more information, contact Meridian Capital Group, LLC; 212-972-3600. D&J Financial Resources, LLC provides financing for commercial properties. For more information, contact Daniel Stachowitz, D&J Financial Resources, LLC; 888-255-3465, Fax 860-799-0307. Robert Faust Mortgage Co. offers loan programs for commercial mortgages, sales of institutional properties and real estate equity. The company has closed on over $2 billion in loans. For more information, contact Robert Faust, Robert Faust
Mortgage Co., 6060 North Central Expressway, Suite 620, Dallas, TX 75206;
214-691-1545, Fax 214-891-0327; Stinson Financial Group offers bridge and mezzanine financing for shopping centers and raw land. The program allows for a 50% to 60% LTV. For more information, contact Stinson Financial Group, 3636 Camino Del Rio North, Suite 230, San Diego, CA 92108; 888-593-3834, Fax 619-584-4617. Creative Financial Services offers full docs programs of up to 90% LTV for loans up to $6 million, stated/stated programs up to 85% LTV, light docs programs up to 95% LTV and hard equity to 65% LTV with transactions valued up to $10 million. The company offers adjustable and fixed term assumable mortgages and considers all types of commercial property. For more information, contact Duane Porter, Creative Financial Services; 866-576-4204. Across America Real Estate Corp. provides 100% financing and currently has projects planned with Checkers, Family Dollar, Lone Star Steakhouse and Starbucks. The company has recently closed on funding of a 6,500 sq.ft. redevelopment for a Boston’s The Gourmet Pizza location on Lamar Boulevard in Arlington, TX. For more information, contact Across America Real Estate Corp., 700th 17th Street, Suite 1200, Denver, CO 80202; 303-893-1003. BMC Capital provided a $10.8 million loan for the acquisition of Blackbob Marketplace Retail Center in Olathe, KS. The company provided a 10-year fixed rate loan with a five-year interest-only rate on an 80% loan-to-value mortgage with a 30-year amortization. The company provides mortgage loans for multi-family, commercial, owner/user and hospitality properties in the $500,000 to $5 million range, with funding capabilities of up to $100 million per loan transaction. For more information, contact BMC Capital, 3100 Monticello Avenue, Suite 400, Dallas, TX 75205; 214-526-7178. Hudson Realty Capital, LLC has provided $9.2 million in financing for the acquisition and renovation of a 22-story apartment building located on South Lowe Avenue, between 64th Street and 65th Street in Chicago, IL. Situated on 2.8 acres, the property includes 303 residential units and a retail storefront unit, with acquisitions and renovation costs estimated at $10.4 million. The company has also provided equity for the acquisition of a 16.66-acre parcel of land located at the intersection of Avondale Boulevard and Lower Buckeye Road in Avondale, AZ. Development plans call for a 148,000 sq.ft. grocery-anchored retail center on the site, along with pad sites ranging from 3,800 sq.ft. to 7,000 sq.ft. and potential for a second-story medical office space of 10,000 sq.ft. Since 2002, the company has closed on $1 billion in debt and equity transactions, including originating, participating in, servicing, restructuring and/or acquiring high-yield, special debt and mezzanine loans. For more information, contact Hudson Realty Capital, LLC, 381 Park Avenue South, Suite 428, New York, NY 10016; 212-532-3553. Capmark Financial Group, Inc. is a real estate financial company featuring lending and mortgage banking, investments and funds management. The company offers lending programs and products for fixed and floating rate first mortgages, mezzanine, construction, health care, hospitality, interim/bridge and term loans, equity investment and tax-exempt and taxable bonds for multi-family, office, retail, industrial, hospitality, golf courses and health care properties. For more information, contact Capmark Financial Group, Inc.,
116 Welsh Road, Horsham, PA 19044; 215-328-3200; Silo Financial Corp. provides mortgage loans for mixed-use and retail properties. The lenders will also cross collateralize multiple properties and offer loans of up to $20 million. For more information, contact Brian J. Sullivan, Silo Financial Corp., Two Landmark Square, Suite 208, Stamford, CT 06901; 203-327-3327 Ext. 3, Fax 203-327-3328; Email:
bsullivan@silo-financial.com; United Capital Group, LLC provides financing for single-tenant properties and ground leases on investment grade property and on a case-by-case basis for non-investment grade tenants. For more information, contact William R. Yates, United
Capital Group, LLC, 497 Beverly Island, Waterford, MI 48328; 248-682-6650; Martin Capital Group arranged financing of $4.2 million for a 14,820 sq.ft. Walgreens drug store, situated on two acres and located at the intersection of Highway 124 and Ronald Reagan Parkway in Snellville, GA. The developer requested a permanent first mortgage structured as a 10-year interest-only loan with an LTV of 70%. The company provides financing for retail properties nationwide, including regional malls, community and power centers, food/drug-anchored, Walgreens and CVS and single-tenant retail locations. The company offers fixed rate, floating rate, interest only, construction, construction/permanent, mezzanine and bridge loans ranging from $1 million to $100 million. For more information, contact Craig Williams, Martin Capital
Group, 1620 Walnut Street, Benton, KY 42025; 270-527-5382; |