Sources of Financing
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Sources of Financing

Overland Financial provides interest-only financing from $500,000 to more than $5 million for all commercial and industrial property types throughout AZ, CA, CO, NM and NV. Interest rates range from 9.95% to 13% and loan-to-value is up to 75%. The company offers bridge loans, construction loans, refinancing and acquisition programs.

For more information, contact Don Barad, Overland Financial; 818-342-2477, Fax 818-342-2969; Email: giddon@overlandfinancial.com.

James Capital Group, Inc. recently arranged $2.6 million in financing for a 12,000 sq.ft. shopping center in Miami, FL. The company offers loans starting at $500,000 for retail, office, industrial, multi-family, mixed-use, self storage, health care, hotel, gas stations and land acquisition. Interest-only loans have amortization up to 30 years with loan-to-value of up to 80%, or up to 90% for mezzanine loans. The company also offers recourse and non-recourse loans, as well as secondary financing.

For more information, contact James Capital Group, Inc., 3330 Cumberland Boulbard, Suite 500, Atlanta, GA 30339; 888-346-4130, Fax 770-573-4837; Email: sales@jamescapitalgroup.com.

David Cronheim Mortgage Corp. arranged $11.1 million in financing for two properties in VA and VT. In Richmond, VA, the company arranged $8.7 million for New Oak Hill Plaza, a 111,680 sq.ft. community shopping center located on Mechanicsville Turnpike that is 100% occupied and anchored by Big Lots and Food Lion. The 10-year loan carries 30-year amortization. In Manchester, VT, the company arranged $2.4 million for Equinox Square, a 22,672 sq.ft. factory outlet center located on Route 7. The 10-year loan carries 25-year amortization.

For more information, contact Andrew Stewart, David Cronheim Mortgage Corp., 205 Main Street, Chatham, NJ 07928; 973-635-6800.

Source Mortgage provides financing from $500,000 to more than $100 million with a variety of loan programs, including hard money, acquisition, construction, bridge, foreclosures, refinance, cash-out and first mortgages. The company offers loan-to-value of up to 70% and 10% to 15% interest-only loans for apartments, hotel/motel, office, retail, multi-family, single-use, restaurants, health care, mixed-use, resorts, golf courses, industrial, shopping centers, warehouses and undeveloped land.

For more information, contact John Farina, Source Mortgage; 404-474-3506, Fax 404-601-3191.