Sources of Financing
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Sources of Financing

The Finance Group Worldwide closed a $2.55 million loan for MGA, LLC to acquire a 6,000 sq.ft. freestanding Johnny V’s restaurant located on Reserve Boulevard in St. Lucie West, FL. The loan-to-value was 85%. The buyer plans to rename the restaurant Azure. The company also represents a private fund that can handle loans of up to $100 million with the ability to close within 10 to 12 days. The Finance Group Worldwide specializes in mortgages and lending for shopping centers, restaurants, multi-unit buildings and other commercial properties.

For more information, contact Matt T. Weaver, The Finance Group; 561-368-0003;
Web site: www.financegroupworldwide.com.

BMC Capital provided $1.56 million in cash-out refinancing for a Sonic location in Denver, CO. The five-year fixed-rate loan has a 30-year amortization and a declining prepay penalty. The company also provided $1.7 million in an acquisition loan for Peoria Shopping Center, located in Glendale, AZ. The 10-year fixed-rate loan has a 30-year amortization and loan-to-value of 80%.

For more information, contact Carl Esrey, BMC Capital; 214-526-7178;
Web site: www.bmccapital.com.

Brinsaire Financial Group provides small balance commercial property loans of between $75,000 and $1 million for retail and office buildings, restaurants, mixed-use/mutli-family, warehouse and light industrial properties, hotels and self-storage facilities.

For more information, contact Robert Crotts, Brinsaire Financial Group; 336-616-0851, Fax 206-202-2780;
Web site: www.efundingsource.com.

Davis-Penn Mortgage Co. provides commercial financing through its Asset Advantage Program. The program provides financing for the acquisition or refinancing of retail, office, multi-family, industrial, hotel, self-storage, senior housing and manufactured housing. Floating-rate first mortgage, recourse and non-recourse loans are available from $3 million with terms ranging from one year to 10 years with
20 years of options. Amortization is up to 30 years or interest only. Loan-to-value is up to 85%.

For more information, contact Davis-Penn Mortgage Co., 12621 Featherwood Drive, Suite 290, Houston, TX 77034; 281-481-2400, Fax 281-481-2425;
Web site: www.davispenn.com.

Cornerstone Capital Corp. provides financing through specialized floating-rate or fixed-rate financing programs secured by real estate. The company also provides non-recourse fixed-rate debt for credit tenant net leases.

For more information, contact Peter Paras, Cornerstone Capital Corp., 655 Metro Place South, Suite 720, Dublin, OH 43017;
614-761-3585.

WMG Funding Solutions provides commercial real estate financing for shopping centers, retail stores, mixed-use properties, special-use properties, restaurants, refinances, offices, child care centers, gas stations, auto repair shops, golf courses, hotels and motels.

For more information, contact WMG Funding Solutions; 248-231-4974.

Century Financing Funding, LLC provides commercial and construction loans to acquire or refinance shopping centers, office, medical, industrial or multi-family properties.

For more information, contact Century Financial Funding, LLC, 4901 Northwest 17th Way, Suite 404, Ft. Lauderdale, FL 33309; 954-267-9899, Fax 954-772-9436;
Email: loans@centuryff.com;
Web site: www.centuryff.com.