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TAG | Commercial

May/12

2

Marabella Commercial Finance, Inc. Arranges Financing for Three Walgreen’s 1031 Properties in 1st and 2nd Quarter of 2012

No comments · Posted by admin in Commercial Loans

Carlsbad, Calif. (PRWEB) May 01, 2012

Marabella Commercial Finance, Inc. originates permanent financing for two 1031 Net Leased Walgreen Pharmacies in the first and second Quarter of 2012 and receives conditional approval for third Walgreen property. Marabella is also hopeful to receive conditional commitment for a fourth Walgreen refinance in second quarter of 2012.

Marabella Commercial Finance, Inc. refinanced a Walgreen with a loan amount of $ 2,800,000 that had a Tenants In Common Entity. This was a difficult transaction due to the fact that most lenders do not favor TIC Entities at this time in the commercial real estate cycle. Marabella arranged a Quasi Portfolio / Institutional Non-Recourse loan with standard carve-outs, an amortization of 25 years and a fixed rate term of 10 years. The interest rate was locked for 10 years at approximately 6.13%. This transaction funded in January of 2012. The owner of the Walgreen property was located in Beverly Hills, CA and Marabella met the owner at our satellite office in Beverly Hills to assist with the structuring and processing of the loan.

Marabella Commercial Finance, Inc. funded a $ 4,353,000 loan for a Walgreen corporate leased pharmacy. The Buyer for this transaction was involved in a 1031 exchange transaction. The Borrower requested a long fixed rate loan term and amortization. Marabella Commercial Finance, Inc. arranged a CMBS loan with a 30 year amortization and a 10 year fixed rate. The rate was locked at 4.90% for the full 10 years. This loan was Non-Recourse with Standard Carve-Outs. This loan was applied for on around February 27, 2012 and funded on approximately April 16, 2012. Thus from the time the Borrower applied for the loan to the time the loan funded was a total of 48 days. Timing was very important to the Borrower since he was involved in a 1031 Exchange and the seller gave him a very short window for his Due Diligence / Financing Contingency period so exceeding this time frame could have jeopardized the Buyer / Borrowers Good Faith Deposit that was given to the seller of the store. Marabella assisted in the processing of the loan which enabled the buyer to meet his 1031 exchange requirement and close in a smooth and stress free manner.

Marabella Commercial Finance, Inc. arranged an acquisition permanent loan of $ 4,500,000. This was also a CMBS loan and had similar loan terms to the previously mentioned CMBS Walgreen loan.

1031 · 2012 · Arranges · Commercial · Finance · financing · Inc. · Marabella · properties · Quarter · three · Walgreen's

Apr/12

24

Commercial Real Estate Analysis and Investments (with CD-ROM)

3 Comments · Posted by admin in Commercial Finance

Commercial Real Estate Analysis and Investments (with CD-ROM)

Learn to analyze commercial real estate from an investment perspective with COMMERICAL REAL ESTATE ANALYSIS AND INVESTMENTS and its accompanying CD-ROM! Presenting the essential concepts, principles, and tools for the analysis of commercial real estate, this real estate text provides you with the tools you need to understand real estate investments in today’s dynamic economy. Studying is made easy with the CD-ROM that provides expanded coverage as well as spreadsheet examples of methodologies, d