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Sources of Financing
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| Sources of Financing Centerline Capital Group offers b-note financing for stabilized or value-add multi-family, office, industrial, retail, self-storage and mobile home park projects as well as select hospitality and mixed-use projects. Loans are available from $5 million to $50 million with LTVs of 85%. Terms between three and 10 years are available with fixed or variable interest rates. The company also offers bridge loan financing for loans between $5 million and $50 million with LTVs of 80%, though some loans may require sponsor guarantees. Terms between 18 months and 36 months are available with two, one-year extension options available. Fixed and variable interest rates are available. The company also offers mezzanine loans with LTVs of 90%, though certain loans may require sponsor guarantees. Loans from $4 million to $50 million are available with terms of 24 months to 72 months and fixed or variable interest rates. For more information, contact Centerline Capital Group, 625 Madison Avenue, New York, NY 10022; 800-831-4826 or 212-317-5700; Web site: www.centerline.com. Meridian Capital Group, LLC arranged financing of $33.1 million for Oak Tree Shopping Center, a 190,000 sq.ft. center located in Edison, NJ. The terms are interest only for 10-years. The center is anchored by Pathmark. For more information, contact Alyssa Hall, Meridian Capital Group, LLC, 1 Battery Park Plaza, New York, NY 10004; 212-612-0165; Email: ahall@meridiancapital.com. |