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Sources of Financing
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Sources of Financing Ackman-Ziff (212-697-3333) arranged the following transactions: $52.5 million for a land area of 2.14 acres in Chesterfield County, VA; $49 million in debt financing for a 53,200 sq.ft. space in Miami Beach, FL and $50 million for a hotel in Scottsdale, AZ.
Peach Plus Financial (770-649-6486) offers equity partnership for deals up to $75 million. The company is interested in the following projects: residential or commercial land redevelopment, shopping center renovation or construction, industrial building renovation or construction, condominium conversion and construction, convention center renovation or construction and hotel or motel renovation or construction.
Real Business Loans, LLC (800-516-7382) offers 100% commercial real estate financing. The program has been designed to deliver a flexible borrower the ability to finance value-added commercial real estate opportunities. It offers fast funding of highly leveraged mortgages from $200,000 and up and is open to negotiating flexible terms on properties located nationwide. The company offers acquisition, construction and renovation financing for apartments, retail, industrial, office and condominiums nationwide from $200,000 and up.
Marabella Commercial Finance (760-479-0800) closed on a permanent loan for a Jack In The Box. The borrower wanted to refinance into a fixed rate. The loan amount was $950,000 with a fixed rate of 6.48% with an amortization of 20 years and a term of 10 years.
Commercial Defeasance, LLC (704-248-2609) structured and closed a $17.7 million defeasance transaction of behalf of WP Realty, Inc., a Bryn Mawr, PA-based real estate investment, development, leasing and management company. The defeased retail property, Lordens Plaza Shopping Center is a 148,000 sq.ft. center anchored by Shaw’s supermarket in Milford, NH. The defeasance enabled WP Realty, Inc. to refinance the property with Greenwich Capital for $26 million.
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