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Sources of Financing
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Sources of Financing United Capital Group, LLC (248-682-6650) provides financing opportunities for single-tenant properties and ground leases on investment grade and, on a case-by-case basis, non-investment grade tenants under the following programs: typical fixed-rate CTL program with the term and amortization commensurate with the primary lease term. Loans can be underwritten with a minimum debt coverage of 1.00x and up to 100% of value; a fixed rate 10-year term with an amortization of 30 years. Loans are underwritten at a debt coverage of 1.20x to a minimum 80% of value; and A/B not structure. Loans can be underwritten with a minimum debt coverage of 1.0x not to exceed 100% of value. The minimum loan is $10 million.
Across America Real Estate (303-893-1003) is looking for small pad retail developers to partner with and provide financing for its next project. The company offers 100% of the equity and debt to fund retail projects.
Ackman-Ziff (212-697-3333) provided financing for the following projects: $38.7 million for a 303,000 sq.ft. center located in Bensalem, PA and a 240,000 sq.ft. mixed-use center located in Baltimore, MD.
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