Source of Financing

Source of Financing

LandAmerica (212-973-4807) offers services for 1031 exchanges in order to save 100% on capital gains tax.

Eastern Union Commercial Real Estate (866-862-4800) provided $11.2 million in financing for a shopping center in Broward County, FL.

Across America Real Estate (303-893-1003) provides 100% project financing for retail developments. The company specializes in single pad, small box commercial developments from $1 million to $5 million. The company works with developers, retailers, franchisees and brokers.

GMAC Commercial Mortgage Corp. (215-328-3842) provided $21.6 million in fixed-rate financing for a mixed-use property in Chicago, IL. The property is located on One East Ontario and comprises retail, office and residential space. The loan provided is secured by the first six floors of the 51-story, mixed-use property, as well as four floors and 203 spaces of an attached nine-story parking garage.

1st Advantage Funding (512-707-7227) offers funding for distressed commercial properties nationwide.

Bank Atlantic Commercial Mortgage Capital (561-391-1737) offers mortgage loans on commercial real estate assets nationwide. The company focuses on CMBS/conduit loans from $5 million to $50 million, but will compete for loans as small as $2 million and as large as $100 million. The company offers loans for multi-family, mobile home parks, retail, office, industrial, self-storage facilities, single-tenant properties and other sites.

Marabella Commercial Finance (760-479-0800) closed a permanent financing loan of $735,000 with a Cap rate of 6.50% for a Payless ShoeSource location. The loan is for 10 years with an amortization of 30 years.

Cash Now Group, Inc. (877-735-6586) offers up to $500 million for acquisition, refinance, construction and renovation for storage facilities, gas stations and other locations.

Morgan Creek (320-255-9848) offers acquisition, construction, renovation and refinance loans from $5 million to $30 million for apartments, retail, industrial, office and condominiums.

Cronheim Mortgage Corp. (973-635-6800) offers loans from $500,000 and up for properties nationwide, with a focus on NJ and NY. The company offers bridge, acquisition, sale/leaseback, mezzanine and forward commitment loans, as well as renovation/repositioning. The company also offers LTV up to 90% and terms and amortization up to 30 years. The company also has secured financing of $32 million for a 208,069 sq.ft. center located at the intersection of Hempstead Turnpike and Newbridge Road in East Meadow, NY. The loan was placed at an interest rate of 5.29% and has a term of 15 years with an amortization of 30 years. The center is anchored by a 117,335 sq.ft. Wal*Mart and a 63,357 sq.ft. Stop & Shop. The center is situated on a land area of approximately14.88 acres. The company also secured financing of $24 million for a Marketplace at Rockaway, a 241,937 sq.ft. center located on Mount Pleasant Avenue, between exits 34 and 35 of Interstate 80, in Rockaway Township, NJ. The center is anchored by a 138,000 sq.ft. Wal*Mart Supercenter, a 33,000 sq.ft. Bed Bath & Beyond and a 25,000 sq.ft. DSW Shoe Warehouse. Cotenants include Dollar Tree, Sleepy’s, Gamestop, Subway and Cingular Wireless. The center is located adjacent to the Rockaway Town Square Mall.

Capital Solutions, LLP (281-893-1123) offers floating and fixed-rate loans nationwide from $100,000 and up. The company offers the following loans: bridge, construction, acquisition, sale/leaseback, mezzanine and forward-commitment. The company also offers LTV of up to 90% and amortization from 25 to 30 years. Interest rates as low as 6% are also offered.

Nation Direct Capital Corp. (770-752-1937) offers loans from $1 million to $500 million for properties nationwide. The company offers bridge, construction, acquisition, sale/leaseback, mezzanine, forward-commitment and renovation/repositioning loans, with LTV up to 100% and terms and amortization up to 30 years.

KSI Capital, Inc. (201-712-0042) offers hard money loans for commercial properties. The company is looking for funding opportunities nationwide, as well as internationally. The company also is looking to participate in joint ventures and equity projects. Loans start at $1 million.

Bayit Capital (646-529-3303) offers hard money, bridge and mezzanine loans for multi-family sites, office buildings, shopping centers, hotels and land. The loans range from $500,000 to $20 million. LTV is 60% and closing can take place within three days after receiving a completed title.

Realty Funding Corp. (518-433-0922) offers loans from $100,000 to $3 million for all types of commercial properties, including hard to place properties such as car washes, restaurants, rooming houses, funeral parlors and taverns, in addition to the standard multi-family, office, retail and storage facilities.

Chillmark Associates, Inc. (203-353-0897) offers bridge loans at 90% of cost from $3 million to $40 million for single assets or portfolios. The terms are set at two to three years interest only and are non-recourse except for standard carve-outs.

Meridian Capital Group, LLC (800-769-3325) offers loans for multi-family, condominiums, office, retail, hotel, industrial, mixed-use, self-storage and construction. With $16 billion in transactions last year, Meridian is one of the nation’s largest commercial brokerages. The company offers loans from $500,000 to $500 million. For more information, go to meridiancapital.com.

Pacific Mortgage Funding Corp. (562-864-4006) offers the following loans from $1 million to $125 million: anchored retail with 10 to 15-year terms, LTV of 85%, DSCR of 1.01 and amortization of 25 to 30 years; unanchored retail with 10 to 15-year terms, LTV of 75%, DSCR of 1.30 and amortization of 25 to 30 years, self-storage facilities with 10 to 15-year terms, LTV of 75%, DSCR of 1.30 and amortization of 25 to 30 years; convenience stores with terms of 20 to 25 years, LTV of 80%, DSCR of 1.45 and amortization of 20 to 25 years; mixed-use sites with 15 to 20 year terms, LTV of 75%, DSCR of 1.35 and amortization of 15 to 20 years; single-tenant sites with 10, 15 and 25-year terms, LTV of 80%, DSCR of 1.25 and amortization of 10, 15 and 25 years; outlet malls with 10 to 20-year terms, LTV of 70%, DSCR of 1.40 and amortization of 20 to 25 years and land with one, three and 15-year terms, LTV of 65% and amortization of 15 years.

Commercial Capital (847-321-0160) offers loans for apartments, retail, office and medical, mixed-use properties, restaurants, diners, pubs, church and school facilities, auto body and auto repair stores, gasoline mini mart stations, gasoline service stations, auto lots and dealerships, mini storage and warehouse facilities, complete renovations, build outs and expansions, health care facilities, construction projects and land and unimproved land. The fixed-rate loans range from $350,000 to $10 million.

Johnson Capital Partners of Arizona (602-957-1112) assisted one of its retail center investment clients in the procurement of a $10.25 million first mortgage loan to cover approximately 80% of the purchase price of Sawmill Square, a 134,585 sq.ft. Safeway-anchored center located in Cottonwood, AZ. The center is currently 93% occupied. The center is cotenanted by OfficeMax, Beall’s Outlet and Family Dollar Store.

Eastgate Equities (626-577-7476) provides loans from $500,000 to $20 million for properties nationwide. The company offers the following types of loans: bridge, construction, acquisition, sale/leaseback, mezzanine, forward-commitment and renovation/repositioning. The company also offers floating and fixed-rate loans, with LTV of 60% to 95% and terms of one to 30 years. Interest rate caps are available only on adjustable loans.

An independent commercial financier (949-302-8902) provides bridge, construction, acquisition sale/leaseback, mezzanine, forward-commitment and renovation/repositioning loans from $500,000 and up for locations nationwide. The entity offers loans with LTV of 80% to 90%, terms of 15 and 30 years or one to three years for hard money and amortization of 15 and 30 years.