Eleanor Financial Inc. arranges financing for two neighborhood retail centers located in Kent, WA and Arlington, TX and a mixed –use property located in New York, NY.

pedir citas online sura Eleanor Financial Inc. arranges financing for two neighborhood retail centers located in Kent, WA and Arlington, TX and a mixed –use property located in New York, NY.
With the market improvements, investors have more access to capital for retail and mixed-use properties. This is good news for Bridge lenders who are more willing to offer higher leverages. Interest only payments and cash out are now readily available. Below please see our recent transactions:

dating someone very similar to you Arkansas Square Arlington, Texasarkansas square
Arkansas Square 35,000 SQFT 86% leased retail property located in Arlington Texas. This particular property was an auction.com who sold it AS-IS all cash deal. Like most Real Estate Investors, liquidity was sufficient for one transaction not for multiple investment opportunities. Prior to funding, the refinance loan, it was discovered the property had environmental issues which needed to be cured prior to securing conventional financing. We located a local vender who worked hand in hand with the borrower through the complexities working with the TCEQ to obtain a No Further Action (NFA) letter documenting regulatory closure of the release incident. Upon receipt of the release, the borrower was able to obtain 70% leverage $2,200,000 loan, 5 year term, 4.55% interest rate and a 20 year amortization. The borrower even received a little cash back for reimbursements of CAPEX.

rencontres emploi tourisme Kent Square Kent, WA

http://escuelametafora.com/?cac=70 kent square
Kent Square is a 45,000 SQFT vacant multi-tenant retail /office center. The center had some preleasing but no nationally recognized tenants. We demonstrated to the bridge lender the area market rental absorption rate was strong minimizing the risk of long term vacancies. Our team secured a bridge lender to net-fund a 78% LTC $3,810,000 loan with “all in” including acquisition, TI/ CAPEX, points, fees and interest reserve for this opportunistic acquisition. The loan has a twelve month term with two- 6 month renewal options and a six month prepayment penalty.

Visit Your URL 202-204 First Avenue, New York, NYnew york
202-204 First Avenue, New York, NY is a 15,900 SQFT mixed use property with retail on the first floor and 22 apartments on the second floor. Even though the borrower only owned the property for one year, we were able to arrange 90% of the costs basis for cash out. The 75% leverage $10,000,000 loan has a 2 year interest only period and converts to a 30 year amortization for the remaining 5 year term with a reset. The loan is priced at a five year Libor swap rate plus 250 basis points with a floor of 3.50%.

check out the post right here Founded in 1999, Eleanor Financial Inc. is one of the nation’s largest commercial real estate finance and advisory firms headquartered in Houston, Texas. We work with a broad array of capital providers. Eleanor Financial Inc. arranges financing for transactions ranging from $1 million to $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. We are currently offering long-term non-recourse debt options with leverages as high as 80% and 25-30 year amortization schedules even cash-out available including hospitality. If you need a quick close or in a distressed situation, we have the solution through one of our many bridge lenders. Please call or email us to structure financing for your next transaction.

Kimberly Kirk
Eleanor Financial, INC.
Toll Free: 866-732-5626 Cell: 713-858-5556
FAX: 866-941-4655

Leave a Reply

Your email address will not be published. Required fields are marked *