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Sources of Financing
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| Sources of Financing David Cronheim Mortgage Corp. arranged $20 million in
financing for Mansfield Commons, a 271,979 sq.ft. shopping For more information, contact Andrew Stewart, David Cronheim Mortgage Corp., 205 Main Street, Chatham, NJ 07928; 973-635-6800, Fax 973-635-6091; Email: andrew.stewart@cronheimmortgage.com; Web site: www.cronheimmortgage.com. Wrightwood Capital provided $48.1 million in acquisition
financing for Southgate Plaza, a 350,000 sq.ft. center located at the
intersection of Florin Road and Franklin Boulevard in Sacramento, CA. The center
is anchored by Wal*Mart, Albertson’s, OfficeMax and Ross Dress for Less and
cotenants include Sketchers Footwear, Payless ShoeSource, Washington Mutual 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. Blue Water Capital provides financing for shopping centers, mixed-use sites, construction loans, owner-occupied sites and hard money transactions. For more information, contact Blue Water Capital, 87 Main
Street, North Reading, MA 01864; 978-664-3700; Real Estate Capital of America, Inc. secured a $5 million construction loan for a strip mall in Staten Island, NY. The center will be tenanted by Wendy’s, as well as several other stores. For more information, contact Johnny Su, Real Estate Capital of America, Inc.; 212-620-2605; Email: jsu@recapam.com. KNZ Brokers provides various financing programs for retail stores, mixed-use sites, restaurants, gas stations, barber shops, dry cleaners, convenience stores, automotive services, beauty salons, shopping centers and multi-family properties. The company offers conventional and hard money financing. For more information, contact George R. Mallory, KNZ Brokers, 306 West 38th Street, Suite 1005, New York, NY 10018; 212-904-1282 Ext. 112, Fax 212-904-1279; Email: george.mallory@knzbrokers.com. The Finance Group Worldwide arranged $4 million in financing for HCB Development, LLC to acquire a 12,500 sq.ft. freestanding Gold’s Gym South Beach site on Alton Road in Miami Beach, FL. DAJ Realty, Inc. sold the site for $5 million. For more information, contact Matt T. Weaver, The Finance Group Worldwide, 703-705 East Palmetto Park Road, Boca Raton, FL 33432; 561-368-0003. MetWest Commercial provides loans from $100,000 to $6 million with loan-to-value of 97%. The company will finance mixed-use sites, restaurants, automotive properties, multi-family, hotels and self-storage sites. For more information, contact Gil Barthelemy, MetWest Commercial; 561-488-4830 Ext. 202, Fax 775-218-0831. Silo Financial provides loans of up to $20 million and recently closed the following deals: $2 million for a retail/office site in Newport, RI; $1.53 million for a four-property portfolio in Bensalem, PA and $500,000 for a commercial site in Orange, NJ. For more information, contact Silo Financial, Two Landmark Square, Suite 208, Stamford, CT 06901; 203-327-3327; Web site: www.silo-financial.com. |