Carlsbad, CA (PRWEB) December 12, 2007
Marabella Commercial Finance, Inc. who specializes in arranging permanent, construction, bridge and equity financing for Net Lease 1031 Exchange Properties and Large Anchored Centers has arranged financing for their 13th Walgreen Net Lease 1031 Exchange Property transaction
Marabella Commercial Finance, Inc. assisted the buyers in structuring a permanent loan for a California Walgreen 1031 Exchange Net Lease Property. The Buyer's were involved in a 1031 Exchange transaction so time of completion of the loan was crucial. The loan was scheduled to close no later than December 31, 2007 per the Buyer's 1031 Exchange drop dead date and Marabella Commercial Finance actually closed the loan ahead of schedule around Friday, December 7, 2007. The Buyer's who were a retired couple requested a loan that would give them ample cash-flow in their retirment years but also offer a fixed rate for a long period of time to lessen balloon risk. With this information Marabella Commercial Finance, Inc. arranged a 20 year fixed rate loan with a 30 year amortization. The rate was locked in early on in the transaction at approximately 6.62%. The loan was Non-Recourse with standard carve-outs. The Borrowers were also seeking a loan in which the Third Party Reports including Appraisal, Environmental, Engineering and Legal were capped. Marabella Commercial Finance placed the loan with a Direct Lender that capped the Third Party Reports and Legal at an even $8,500. The loan amount for this transaction was approximately $3,770,000.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Christian S. Marabella President of Marabella Commercial Finance at (760) 479-0800 or cell is (760) 803-6464 or visit http://www.marabellafinance.com .
About Marabella Commercial Finance: Marabella Commercial Finance specializes in arranging permanent, construction, bridge and equity financing for Net Lease 1031 Exchange Properties and Large Anchored Centers.
Christian S. Marabella, President / Originator
Marabella Commercial Finance, Inc.
(760) 479-0800 or 24/7 cell phone (760) 803-6464