Carlsbad, CA (PRWEB) September 17, 2013
Marabella Arranges Financing For a Walgreen, CVS and Jack in The Box Property in 3rd Qtr. 2013. For the Walgreen property Marabella arranged a loan amount of approximately $3,900,000 (61% LTV). The final pricing came in right around 5.40% and this loan offered the Borrower a 10 year fixed rate period with a 30 year amortization. This was a CMBS loan due to the fact the Borrower wanted a completely Non-Recourse loan with Standard Carve-outs. The CVS had similar loan terms but the loan amount for this property was $2,600,000.
Both of these properties were purchased by the same Sponsor who was involved in a 1031 exchange. The Jack In The Box loan came to approximately $1,125,000 and the maximum loan to value on this property that the Direct Lender allowed was 75% LTV. The interest rate was fixed for 5 years at 4.25% and adjusted in the second five year period with a total loan term of 10 years. The Sponsor for this loan owned the property free and clear of any debt and was pulling out cash to purchase additional Net Lease Properties. If you require financing for a Walgreen, CVS , Jack In The Box, 7-Eleven or any other Net Leased Property call Marabella today at (760) 479-0800. We have offices in La Jolla, Carlsbad, Costa Mesa, and Beverly Hills California if you would like to meet at our office. Or we can schedule an online “Go To Meeting” to review your Net Lease financing needs.
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 are as follows; Walgreens, CVS, Kohls, Dollar General, Family Dollar, Safe-Way Stores, Rite Aid, Jack in the Box, 7-Eleven, O’Reilly’s, AutoZone and Large Anchored Centers with credit tenants. Marabella Commercial Finance, Inc. is a member of the Mortgage Bankers Association and will be attending the annual 2014 CREF Convention in Orlando, Florida from February 2nd to the 5th, 2014. Marabella will also be attending the International Council of Shopping Center's 2013 Annual Western Division Convention in San Diego, CA from September 18th to the 20th at the San Diego Convention Center. MCF will also be attending the 2014 International Council of Shopping Center’s RECON Convention around May 18th to the 20th 2014 at the Las Vegas Convention Center in Las Vegas, Nevada.