Sources of Financing
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Sources of Financing


Westminster Capital Co. (561-392-3040) provided financing of $6.15 million for three freestanding Eckerd drug stores in Inverness, Tavares and Daytona, FL. The 10-year term is non-recourse and has a fixed rate of 8.07% with 83% LTC and an amortization of 25 years. The company also provided acquisition financing of $12.56 million for Martin Square in Weston, FL. The 10-year term is non-recourse with 80% LTV and an amortization of 27 years. Anchor tenants at Martin Square include Winn-Dixie, Pet Supermarket and McDonald’s.

Interlachen Financial Group (407-539-1600) offers construction loans and long-term permanent loans from $500,000 and up for credit-anchored retail centers, well-located unanchored retail centers, net leased industrial, retail, office, etc. to credit rated tenants, multi-tenanted industrial and office, owner-occupied professional, office and industrial, mobile home parks and conventional and DUS financing for apartments. The company offers a forward commit for funding as far out as 12 months non-recourse and assumable, a fully amortized loan for a term equal to the lease term, no commitment fee to the lender and 80% LTV.