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Sources of Financing
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| Sources of Financing BMC Capital provided a $3.84 million acquisition loan for the purchase of Shoppes at Camp Creek in East Point, GA. The 10-year fixed, non-recourse loan has a 30-year amortization and 80% loan-to-value. For more information, contact Carl Esrey, BMC Capital; 214-526-7178; Web site: www.bmccapital.com. The Lending Source, LLC offers conventional financing for freestanding retail buildings. For more information, contact Chris Catone, The Lending Source, LLC, 3350 Peachtree Road Northeast, Suite 1620, Atlanta, GA 30326; 678-904-1175 Ext. 230, Fax 678-904-1179; Web site: www.lending-source.com. Fowler Funding, LLC offers hard money financing from $1 million to $50 million with rates between 10% to 13% for shopping centers, multi-family, office buildings, mixed-use, warehouses, hotels/motels, marinas, gas stations, auto repair/mechanic shops and owner-occupied facilities. For more information, contact Tom Fowler, Fowler Funding, LLC, 601 Jersey Avenue, Suite 3, Jersey City, NJ 07302; 201-963-3958; Email: tom@fowlerfunding.com. Commercial Capital Alliance/Exeter Commercial, LLC offers funding up to $1 million for freestanding retail sites, automotive, non-flagged hotels/motels, trailer and mobile home parks, day care centers and funeral homes. For more information, contact Michael Haltman, Commercial
Capital Alliance/Exeter Commercial, LLC, 131 Jericho Turnpike, Suite 202,
Jericho, NY 11753; 516-741-8880, Fax 516-741-6838; Email: Hudson Realty Capital provided $3.7 million in mezzanine financing for the development and construction of The Centre at Cutler Bay, a 108,752 sq.ft. retail/office center to be built on 6.67 acres in Miami, FL at the intersection of Martin Road and Southwest 106th Avenue. The center will also include a 3,000 sq.ft. freestanding site for shops or a restaurant. For more information, contact Hudson Realty Capital, 250 Park Avenue South, Third Floor, New York, NY 10003; 212-532-3553, Fax 212-532-7901; Web site: www.hudsoncap.com. |