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Sources of Financing
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| Sources of Financing MetWest Commercial Lender provides financing from $100,000 to $6 million with loan-to-value of up to 97% for investor properties or owner-occupied sites, including restaurants, mixed-use, self-storage, hotels, multi-family and golf courses. The company is a national direct lender specializing in small balance commercial real estate loans. For more information, contact Gil Barthelemy, MetWest Commercial; 561-488-4830 Ext. 205, Fax 775-218-0831. Aries Capital arranged two loans totaling $8.425 million for a future project that will be developed in Gilbert, AZ at the intersection of Pacos Road and Val Vista Drive. Arizona Business Bank and Aries Real Estate Fund, LLC provided funding. The financing includes a $5.625 million interest-only loan carrying a 12-month term for the developer to make civil improvements on the 7.84-acre site. Aries Real Estate Fund provided an additional $2.8 million second mortgage interest-only loan carrying a 12-month term. The developer will begin construction during March. For more information, contact Aries Capital, 350 West Erie Street, Suite 150, Chicago, IL 60610; 312-642-0100, Fax 312-642-9291. Atlanta Mortgage Group offers financing from $500,000 to $100 million for commercial properties nationwide. Loan terms range from one to three years with interest-only amortization and interest rates starting at 10%. Property types funded include retail, mixed-use, credit-tenant leases, land development, office and healthcare uses. For more information, contact Atlanta Mortgage Group, Inc., 6650 River Crest Point, Suite B, Suwanee, GA 30024; 678-775-6818. National Retail Properties provides financing for single-tenant and multi-tenant new developments or redevelopments through its joint venture development funding program. For more information, contact Mike Northam, National Retail
Properties; 407-650-1156; Brinsaire Financial Group offers financing from $250,000 and up for retail, mixed-use, warehouse/flex, light industrial and office sites. Loans of $5 million have loan-to-value of 90% and loans of $6.5 million have CLTV of 90%. For more information, contact Robert Crotts, Brinsaire Financial; 336-616-0851; Web sites: www.efundingsource.com and www.businesscreditsource.net. |