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Sources of Financing
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Sources of Financing East Coast Mortgage Capital (540-981-1249) provides lending nationwide from $750,000 to $50 million with LTV of 75% to 80% for terms of 10 years and amortization of 25 years. Venture West Funding, Inc. (310-364-0010) arranged $14.65 million in financing for a Lowe’s Home Improvement Center in Anaheim, CA. The borrower is Anaheim Gateway Anchor Parcel, LLC, which is owned and operated by Robertson Properties Group. The 135,192 sq.ft. building is situated on a land area of 12.6 acres and has a long-term ground lease. The Mills Corp. (703-526-5033) secured financing for Concord Mills, Katy Mills and Madrid Xanadu. The company closed on two mortgage financings for its Concord Mills and Katy Mills projects and executed its construction loan agreement for Madrid Xanadu, its flagship European development project. Ackman-Ziff Real Estate Group (212-994-8704) secured $85 million in financing from Greenwich Capital to re-capitalize a portfolio of 36 properties comprising 678,000 sq.ft. of retail and office space. |