Marabella Commercial Finance, Inc. finances America's Net Leased Properties!!
Carlsbad, Calif. (PRWEB) September 06, 2011
Marabella Commercial Finance, Inc. originates permanent financing for two 1031 Net Leased Walgreen Pharmacies.
Marabella Commercial Finance, Inc. funded a $3.5 million 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 Bank Portfolio loan with a 25-year amortization, a 25-year term fixed for 10 years, and thereafter, the rate adjusted and will be fixed for 5-year periods at a 225 Basis Points over the 10-year Treasury bill. In the first rate adjustment (prior to year 11 of the loan) the loan has a ceiling rate of 7.50%. The Borrower wanted a forward rate lock so Marabella Commercial Finance, Inc. structured an approximate 45-day forward rate lock and the rate was locked early in the process at a very low 5.375%. This loan was Non-Recourse with Standard Carve-Outs. The prepayment penalty for this loan was a very friendly $2,500 for the first 20-years of the loan and the Borrower has the right to prepay up to 10% of the outstanding principal balance per year with no prepayment penalty. This loan was applied for on around July 15, 2011 and funded on August 12, 2011.
For the other Walgreen Corporate Leased Property Marabella Commercial Finance, Inc. arranged a loan amount of $3,115,000. The rate for this transaction was fixed at 5.125% for 10 years. This transaction was applied for on June 13, 2011 and funded on August 19, 2011. Terms of this loan (i.e. Amortization, Term, Non-Recourse, Etc.) are similar to the other Walgreen loan mentioned in this Press Release.
One of the Walgreen Borrowers in this transaction was a repeat client for Marabella Commercial Finance, Inc... In 2003, Marabella Commercial Finance, Inc. arranged financing for the client's 7-Eleven Corporate Leased Gas Station located in California. The other client involved in the transaction was introduced to Marabella Commercial Finance, Inc. by the repeat client.
About Marabella Commercial Finance
Marabella Commercial Finance specializes in arranging financing for 1031 Exchange Net Lease Buyers, Commercial Investment Properties and Large Anchored Centers. Past Credit Tenant Net Lease Properties that Marabella Commercial Finance has originated loans for are; Walgreens, CVS, Kohls, Safe-Way Stores, Rite Aid, Jack in the Box, 7-Eleven, Family Dollar, CSK Automotive, and Large Anchored Centers with credit tenants. MCF is a member of the Mortgage Bankers Association and most recently participated in the International Council of Shopping Center's 2011 annual convention in Las Vegas. Christian S. Marabella who is President of Marabella Commercial Finance, Inc. is also in charge of Media Relations for the Association of Commercial Real Estate Executives Inland Empire (Ontario, California).
Christian S. Marabella - President
Marabella Commercial Finance
We Finance America's 1031 Exchange Net Lease Properties