Carlsbad, Calif. (PRWEB) December 16, 2008
Marabella Commercial Finance has originated permanent financing for a 1031 Net Leased Walgreen and Rite Aid Property.
For the Walgreen property the loan amount came to $3,600,000. The amortization structured was for a period of 30 years and the loan term was for 10 years. The loan was fixed for a period of 7 years and become adjustable after 7 years. The rate was locked at 6.14% for 7 years. After the 7th year the loan becomes adjustable at 245 over the 6 month Libor Rate. For the Rite Aid property the loan amount came to $4,200,000. The amortization structured for the Rite Aid property was 25 years and the term was for 10 years.
The loan rate was locked utilizing a Swap Contact and was locked at 6.45% for a period of 10 years.
For additional information pertaining to Walgreen and Rite Aid permanent loan transactions or other commercial mortgage loan options available through Marabella Commercial Finance contact Christian S. Marabella at (760) 479-0800.
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, Rite Aid, Jack In The Box, 7-Eleven, Family Dollar, CSK Automotive, and Large Anchored Centers with credit tenants. Marabella Commercial Finance is a member of the Mortgage Bankers Association and most recently participated in the International Council of Shopping Center's annual convention in Las Vegas.
Christian S. Marabella - President
Marabella Commercial Finance
We Finance America's 1031 Exchange Net Lease Properties