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Sources of Financing
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| Sources of Financing Van Corp Financial provides commercial bridge loans from
$1 million to $50 million for one year. Interest rates range from 11% to 13% and
there is loan-to-value of For more information, contact Terry Van Pelt, Van
Corp Financial, 5464 MontClair Place, Sarasota, FL 34231; 941-927-3438,
Fax 813-436-5383; Johnson Capital arranged for $28 million in financing for a shopping center in Seattle, WA. For more information, contact Dave Susank, Johnson Capital;
18101 Von Karman Avenue, Suite 1050, Irvine, CA 92612; 949-660-1999, Fax
949-660-1998; Waterstone Capital Advisors defeased the following loans for retail properties: $46 million in Charleston, SC; $15.75 million in West Covina, CO; $2.2 million in Stroudsburg, PA; $5.6 million in Hudson, WI and $8.1 million in Alpharetta, GA. For more information, contact Waterstone Capital Advisors, 3826 South New Hope Road, Suite 5, Gastonia, NC 28056; 877-875-4564. Aries Capital recently provided $11.4 million in interim financing for Sinagua Plaza, located in Sedona, AZ. The company also provided $11.2 million in permanent financing for Kiowa Retail Village, located in Mesa, AZ. The company also provided a $2.8 million mezzanine loan and a $5.625 million development loan for Spectrum Village Retail in Gilbert, AZ. For more information, contact Leonard Smith, Aries Capital,
617 North Caroline Street, 4th Floor, Houston, TX 77002; 713-780-8500
Ext. 106; The Finance Group Worldwide, LLC, in a partnership with The Prakas Group, Inc., provides financing for shopping centers, restaurants, multi-unit buildings and other commercial properties. The company offers commercial loans, SBA loans, equity financing and non-collateralized restaurant financing. In addition, the company will represent a private fund to handle loans of up to $100 million with loan-to-value of up to 75%. For more information, contact Matt T. Weaver, The Finance of Group Worldwide,
LLC, 703-705 East Palmetto Park Road, Boca Raton, FL 33432; 561-368-0003; |