Bank of America sold the mortgage on a stalled shopping center project in Cutler Bay to a Miami-based investor, who seized it at foreclosure auction. The bank (nyse: bac) previously won a $7.8 million.
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Facing a potential loan default, the property’s owner is seeking a modification of the shopping center’s debt, according to a loan report from Bloomberg. Centerpointe suffered a big blow in March,
CMBS Conduit Shopping Center Loan Program: Crefcoa provides shopping center loans for the acquisition, refinance, or construction of shopping center properties including, mall, strip center, department store, anchored, unanchored, weak anchored, out parcel, single or multi-tenant and credit and non-credit tenant properties.
Retail Business Loans. stores and chains at local malls, but with younger generations demanding a more. Reasons Retail Businesses Need Financing. other retail businesses (i.e. auto retail shops versus clothing retail shops), however.
450000 Mortgage Payment If your loan was $450,000 and you felt you could make additional payments beyond your mortgage obligation by $2500 a month, fix no more than $390,000 for the two years and leave the remainder as.
We provide business loan alternative for retail store business financingh. Get approval within 48 hrs. call 888-487-5509, get finance for no personal guarantee .
A mezzanine loan will come in behind the senior loan (first mortgage) in shopping center loans. For more information about a mezzanine loans click here. Shadow Anchored: This property type is slightly more risky than an anchored shopping center because the anchor tenant is not part of the collateral.
(Crain’s) – The loan on a well-leased, grocery-anchored shopping center in the far northwest suburbs is slated for auction after falling victim to the retail rut. The owners of Centre at Lake in the.
Credit Tenant Lease Financing loans go right to the Wall Street money market lenders. Large loans secured by stable properties with a low LTV, 60%, go to the large insurance companies. The CMBS lenders are very active in this market. Smaller loans will go to the banks.
A roughly $78.6 million loan backed by the shadow lake towne Center in Papillion, Neb.-just 10 miles outside of Omaha-has been sent to special servicing, according to an alert last week from Fitch.
Representatives of Centerpointe’s owner, an investor group organized by former Phoenix-based real estate firm Cole Capital, had been trying to negotiate a break on the shopping center’s $29.4 million.