|
Sources Of Financing
|
|
|
Sources Of Financing Johnson Capital (949-660-1999) arranged a permanent loan of $4.5 million to refinance Palmdale Town Square Shopping Center located in Palmdale, CA. The center is currently 98% occupied and is tenanted by Cinemark USA, High Desert Medical Group, U.S. Post Office, IHOP and the Department of Motor Vehicles. The company also arranged a permanent loan of $5 million to refinance Jungle Jim Plaza, a center located in Mesa, AZ. The center is currently 98% occupied and is tenanted by Jungle Jim’s Playland, 2nd Go Round, Carefree Childcare, Inc., Neighbor’s Garden Café and Arby’s Restaurant.
United Capital Group (248-236-9237) is seeking credit tenant lease financing opportunities on single-tenant properties or ground leases nationwide from $3 million and up. Loan term and amortization will run coterminous with the primary lease term. Tenants must be investment grade having a minimum corporate credit rating of BBB- or Baa3. Loan amounts up to 100% of value, underwritten with debt coverage as low as 1.00x are offered. Forward commitments will be considered on a case by case basis.
Dominion Mortgage Corp. (310-477-3041) offers single-tenant, multi-tenant, retail portfolio (anchor and non-anchor), distribution warehouse, hotel, industrial and strip center financing. |