Sources of Financing
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Sources of Financing


Johnson Capital arranged $21.5 million in permanent financing for a 204,911 sq.ft. grocery-anchored center in Palm Beach Gardens, FL. The center was built in 1989 and was 97% occupied at the time financing was approved.

For more information, contact Greg Schecher, Johnson Capital; 561-843-6032; Email: gregschecher@johnsoncapital.com.

Wrightwood Capital provided $10 million to Essex Realty Management for the acquisition of Garden Commerce Center, a 96,000 sq.ft. mixed-use center located along Garden of the Gods Road in Colorado Springs, CO. The company offers financing via bridge, construction and mezzanine loans.

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.

Asarum Commercial Funding offers hard money loans for refinancing, acquisitions and joint ventures. Loans start at $300,000 and range from six months to three years. Financing is available for raw land, development projects, multi-family projects, retail, office and industrial sites. Loan-to-value ranges from 45% to 65%.

For more information, contact Eric Simmons, Asarum Commercial Funding, 100 Valley Road, Montclair, NJ 07042; 973-674-2066; Email: esimmons@asarumcommercialfunding.com.

Arlington Richfield provides international project financing starting at $1 million to fund raw land, 100% for existing projects and buildings. For development financing, the company provides loans of $1 million to $2 billion for properties throughout the U.S., Canada, Mexico and the Americas. There are interest-only options. The company offers loan-to-value of 95% to 97% for loans that do not require equity partners and 100% loan-to-value for loans requiring equity partners. Also, the company provides loan-to-value of 80% for refinancing. Real estate programs provide loan-to-value ranging from 75% to 95% for land acquisition, commercial developments, hotels, resorts and casinos, as well as other property types. Bridge and mezzanine loans are available with loan-to-value of 50% to 65% for properties nationwide, including raw land, retail centers, office buildings and development.

For more information, contact Frank Vogel, Arlington Richfield, 725 South Adams, Suite 264, Birmingham, MI 48009; 248-613-7423; Email: fvogel@arlingtonrichfield.com; Web site: www.arlingtonrichfield.com.