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Sources of Financing
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| Sources of Financing The Loan Depot, LLC offers conventional and conduit recourse and non-recourse loans from between $1 million and $200 million for strip centers, owner occupied properties, office buildings, medical buildings and apartments. The company also offers conventional loans or SBA loans from between $2 million to $25 million for construction or permanent take-out projects. For gas stations and car washes, the company offers SBA loans of between $500,000 and $5 million. For franchise restaurants and independent hotels, the company offers SBA conventional recourse loans of between $500,000 and $5 million. For more information, contact The Loan Depot, LLC, 6702 Heritage Business Court, Chattanooga, TN 37421; 423-892-1659, Fax 423-894-2428; Email: info@theloandepotllc.com; Web site: www.theloandepotllc.com. Midwest Business Capital provides financing nationwide of between $500,000 to $15 million through conventional loan programs, stated income loans, SBA 7(a) and SBA 504. The conventional loan program offers up to $15 million for owner-occupied and investment properties. The loans have up to 90% loan-to-value with up to 30-year amortization. Stated income loans provide financing for up to $2 million for owner-occupied and investment properties and have up to 90% loan-to-value and up to 30-year amortization. SBA 7(a) loans are available for up to $2 million for owner-occupied properties and purchase and refinance. The loans have up to 90% loan-to-value and 25-year amortization. SBA 504 loans are available for owner-occupied properties for up to $5 million. The loans have up to 90% loan-to-value and up to 25-year amortization. For more information, contact Midwest Business Capital, 1550 Old Henderson Road, Columbus, OH 43220; 877-751-4622; Web site: www.midwestbusinesscapital.com. Wrightwood Capital provided $19 million to finance the
construction of Village Place Brookhaven, a 123,542 sq.ft. mixed-use development
located at the intersection of Dresden Drive and Caldwell Road in Atlanta, GA.
The project consists of two buildings that will feature retail and restaurant
space, as well as residential and For more information, contact Tanya Hiebler, Wrightwood Capital, Two North LaSalle Street, 9th Floor, Chicago, IL 60602; 312-324-5943, Fax 312-324-5901; Email: thiebler@wrightwoodcapital.com; Web site: www.wrightwoodcapital.com. Chicago Capital Management Group offers first mortgage, mezzanine, bridge and construction financing. For more information, contact Michael Gordon, Chicago Capital Management Group, 1400 North State Parkway, Chicago, IL 60610; 312-932-0776, Fax 312-932-0706; Email: mgordon@cig-us.com; Web site: www.cig-us.com. Monroe Financial offers loans starting at $250,000 for construction financing as well as residential, office, warehouse, light industrial, retail, mixed-use, multi-family and apartment properties. Loan to value is up to 95%. For more information, contact John Roberts, Monroe Financial; 866-465-8787 Ext. 4, Fax 866-879-5008. Dockerty Romer & Co. arranged $19.8 million in development financing for Palmetto Gardens Plaza, a seven-acre site at the intersection of Northwest 37th Avenue/Douglas Road and Palmetto Expressway/SR 826 in Miami Gardens, FL that will feature 107,700 sq.ft. of retail. For more information, contact Shannon Rex, Dockerty Romer & Co., 70 Southeast 4th Avenue, Delray Beach, Fl 33483; 561-330-8000, Fax 561-330-8001; Email: drc@dockertyromer.com. |