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Sources of Financing
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| Sources of Financing Commercial Lenders, LLC provides financing nationwide. For shopping centers and single-tenant sites, the company offers 100% financing for build-out and rehabilitation in return for sharing the upside in the project 50/50 for up to three years. The company also provides loans from between $10 million and $200 million for the private placement of 30-year unsecured debt. Borrower must have a net worth of at least $100 million. In addition, the company will finance situations with credit challenges. For more information, contact Paul Heimbrock, Commercial Lenders, LLC, 24 Carriage Lane, Suite A-1, Roxbury, CT 06783; 203-240-6670, Fax 860-354-7580. Hudson Realty Capital, LLC provided a $4.95 million first mortgage to fund the acquisition of two vacant parcels totaling 20.08 acres in Avondale, AZ. The first site is a 13.25-acre property located at the intersection of Avondale Boulevard and Lower Buckeye Road, and the second site is a 6.83-acre property located at the intersection of El Mirage Boulevard and Lower Buckeye Road for a planned retail project. A grocery-anchored shopping center is planned for the site adjacent to the two parcels. For more information, contact Hudson Realty Capital, LLC, 250 Park Avenue South, 3rd Floor, New York, NY 10003; 212-532-3553, Fax 212-532-7901. Aries Capital, a national mortgage banking firm providing direct access to mezzanine and bridge loans, provided $11.4 million in interim financing for Sinagua Plaza in Sedona, AZ. The company also provided $11.2 million in permanent financing for Kiowa Retail Village in Mesa, AZ. For more information, contact Leonard Smith, Aries Capital,
617 North Caroline Street, 4th Floor, Houston, TX 77002; 713-780-8500
Ext. 106; Island Financial Group, Inc. offers loans starting at $1 million with terms of up to 25 years and amortization of up to 30 years. The loans are non-resource with 100% maximum loan-to-value. For more information, contact Island Financial Group, Inc., 700 North Hayden Island Drive, Suite 100, Portland, OR 97217; 503-283-3221. Bond Street Capital has various types of commercial loan programs, including conduit, portfolio, credit tenant, mezzanine, stated income, bridge, construction, SBA and DTI. The company offers financing for commercial properties, including multi-family, offices, strip centers, power centers, regional malls, mixed-use, auto service centers, day care facilities and self storage. For more information, contact Bond Street Capital; 880-270-4100. Eastern Union Commercial Real Estate arranged $35.79 million in non-recourse financing for the acquisition of a vacant parcel in New York, NY on behalf of 34th Street, LLC. For more information, contact Eastern Union Commercial Real Estate, 501 5th Avenue, New York, NY 10017; 866-862-4800. Tremont Realty Capital offers the following loan programs: quick close, bridge and mezzanine. Quick close loans range from $4 million to $20 million with a loan-to-value of 65% to 75%. Properties financed include multi-family, office, retail, industrial, hospitality and specialty properties. Bridge loans range from $5 million to $75 million and are non-recourse with terms of one to three years. The program features construction financing with preleasing. Properties financed include multi-family, office, retail, industrial, hospitality and specialty properties. Mezzanine loans range from $3 million to $50 million, are non-recourse and have terms of two to 10 years. Loan-to-value is 93%. Properties financed include multi-family, office, retail, industrial and hospitality. For more information, contact Tremont Realty Capital; |