Sources of Financing
[ Home ] [ Up ] [ Specialty Chains Expanding Nationwide ] [ New Construction ] [ Food Retailers Expanding Nationwide ] [ Exclusives & Leasing Assignments ] [ Who's Opening & Where ] [ Buyers & Sellers ] [ Real Estate Professionals Making the News ] [ Sources of Financing ] [ Lease Signings ] [ Lead Sheet ] [ Space Place ]

Sources of Financing

Cohen Financial secured a permanent, non-recourse $23.25 million loan for Investec Real Estate Cos. to fund the acquisition of Skypark Plaza shopping center, located at the intersection of Skypark Boulevard and Forest Avenue in Chico, CA. The 10-year interest-only loan was secured by Cohen Financial at a loan-to-value of 72%. The 186,553 sq.ft. community center is anchored by Raley’s Supermarket, Ross Dress for Less, Jo-Ann Fabrics and Dollar Tree, with cotenants including Tuesday Morning, Arby’s, Sleep Train, Kragen Auto Parts, The UPS Store
and Citifinancial.

For more information, contact Mark Strauss or Kevin Greenberg, Cohen Financial, Suite 1410, Newport Beach, CA 92660; 866-315-6210/6214; Web site: www.cohenfinancial.com.

Marabella Commercial Finance closed a fixed-rate permanent loan totaling $3.53 million for a Walgreens site. The 10-year interest-only loan has loan-to-value of 80%.

For more information, contact Marabella Commercial Finance; 760-479-0800; Web site: www.marabellafinance.com.

Johnson Capital arranged a $7.2 million permanent loan to refinance the Thunderbird Square Shopping Center, located in Phoenix, AZ. The 79,780 sq.ft. center is 98% occupied and anchored by Big Lots, Only Oak Furniture and Family Christian Stores. The company also arranged the $2.85 million permanent financing for the owner of the 19,000 sq.ft. Metro Four Theatre building in Santa Barbara, CA. The 20-year fully amortizing loan has a 6% fixed rate. The site is tenanted by Metropolitan Theatres Corp.’s 4-plex theater, as well as two smaller retail tenants.

For more information regarding Thunderbird Square, contact Dave Susank, Johnson Capital, 18101 Von Karman Avenue, Suite 1050, Irvine, CA
92612; 949-660-1999, Fax 949-660-1998;
Email: davesusank@johnsoncapital.com. For more information regarding Metro Four Theatre, contact Kevin Burkhalter, Johnson
Capital, 1801 Century Park East, Suite
1550, Los Angeles, CA 90067;
310-286-7400, Fax 310-286-7434; Email: kjburkhalter@johnsoncapital.com.

Net Lease Loans, Inc. provides financing of $1 million to $20 million for interest-only loans to fund commercial properties nationwide.

For more information, contact Mark Feagins, Net Lease Loans, Inc., 13237 Montfort Road, Suite 305, Dallas, TX 75240; 214-923-9239, Fax 214-853-4145; Email: mark.feagins@usa.net.