Grace Capital Group -- providing commercial real estate financing, capital, and investments to commercial and residential real estate developers and investors

Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity.

Financing News > Income Property Financings

Income Property Financings

	Garden View Office Building Encinitas, California $10,000,000 cash out refinance perm loan on a 2 story 55,812 SF multi tenant professional office building. The loan was closed with a local bank at a 1.65 spread over the 10 year T-Bill; a 6% fixed interest rate for 10 years, interest only for two years. The prepayment penalty was only 5%, 4%, 3%, 2%, 1% and none thereafter! No lender legal opinion letter, no impound accounts, no structural report for deferred maintenance, no TI account, no leasing commission fund.
	Myrtle Beach Condos Myrtle Beach, South Carolina $2,000,000 in debt/construction financing was provided for Phase I of a multi-phased project of for-sale condominiums. 18 month revolver style loan with six month extension Interest only with reserve Presales include 60 units sold with non-refundable deposits Non-Recourse construction financing
	Garden Park Apartments Killeen, Texas $1,800,000 in apartment financing was provided for a 10 year permanent loan on a 102 unit apartment complex. Rate lock accomplished 3 months before closing Complex had stable history of military tenants Loan replaced original seller financing Financing at 80% LTV
	Altura Avenue Condo Conversion Glendale, California Senior Debt $15,187,500 Mezzanine financing $11,529,400 Both the senior debt and mezzanine financing were arranged with the same lender for 96% loan to cost for a 96 unit apartment building acquisition and the conversion to condo units.
	Mahara Townhomes Monterey, California $28,000,000 senior loan and $6,874,000 mezzanine financing provided 95% loan to cost Non-recourse for both the senior loan and mezzanine financing
	Verdugo Avenue Glendale, California $8,350,000 mezzanine financing For the purchase and conversion to condos of an existing 126 unit apartment property built in 1965
	Whiting Apartments Fullerton, California $1,275,000 Purchase financing of a 2 story 14 unit apartment building
	Lowe’s Home Improvement Center $37,000,000 Fixed Rate for 25 years!!! 25 year loan term 25 year amortization 7 month locked rate Forward commitment
	Garden Terrace Mobile Home Park $4,300,000 15 year loan term 5 year fixed rate rolling into a 10 year ARM Over $1M Cash out Borrower was able to take out all of the original investment and more!
	Currier Square Oroville, California $8,250,000 131,027 s.f. shopping center anchored by a 59,885 s.f. Raley’s Superstore Fixed Rate Conduit Loan Non-recourse financing 1031 Exchange
	San Gabriel Shopping Cntr. San Gabriel, California $33,000,000 Refinance 211,000 s.f. Shopping Center Loan Asian Themed Specialty Retail Center
	Strawberry Farms Golf Club Irvine, California $12,251,200 Refinance 18 Hole Champion Course Fixed Rate; Long Term Ground Lease
	TAWA San Diego Plaza San Diego, California $7,000,000 Refinance 71,082 s.f. Retail & Office Center No Lender Legal Fees & No Reserve Accounts
	Oasis Morning Apt. Bldg. Las Vegas, Nevada $2,120,000 106 Unit Apartment Building 2 Story Walk-up Garden Style Apartments Fixed Rate 10 Year Term
	Oasis Palms M.H.P. San Bernardino, CA $2,940,000 Acquisition Financing 139 Space Mobile Home Park Fixed Rate with No Prepay Fees
	Lynwood Park Apts. San Bernardino, CA $5,700,000 Acquisition Financing 124 Unit Apartment Building 1031 Exchange
	Shadow Ridge Vista, California $10,075,000 Refinance 180 Unit Garden Apartment Building $3,000,000 Cash Out
	Sam’s Apt. Building #1 Santa Monica, California $2,389,000 Refinance 40 Unit Apartment Building Loan made to the estate of deceased borrower
	Sam’s Apt. Building #2 Santa Monica, California $2,389,000 Refinance 40 Unit Apartment Building Loan made to the estate of deceased borrower
	Sam’s Apt. Building #3 Santa Monica, California $2,389,000 Refinance 40 Unit Apartment Building Loan made to the estate of deceased borrower
	Sam’s Apt. Building #4 Santa Monica, California $2,389,000 Refinance 40 Unit Apartment Building Loan made to the estate of deceased borrower
	Diaz Properties Temecula, California $745,000 Refinance & Expansion Financing 17,000 s.f. Industrial/Office Building No Pre-Leasing on new space
	Garden Terrace M.H.P. Stanton, California $3,200,000 Refinance 103 Space Mobile Home Park Cash Out
	Onyx Building San Diego, California $1,650,000 Refinance Office Over Retail Cash Out; Historic Gas Lamp District
	Main Street Apartments Los Angeles, California $2,250,000 Renovation Loan Apartments Over Retail Two 4-story Brick Buildings; 97,309 s.f. 100% Vacant; Partially Completed 1912 Circa Building
	Park Regency Apartments San Diego, California $2,430,000 Rehab Financing 40 Unit Apartment Building Historical Building
	Scripps Building San Diego, California $3,031,000 Refinance Mixed Use; Apartments & Office over Retail 80% LTV
	99 Ranch Rowland Heights, CA $6,000,000 Refinance 90,217 s.f. Asian Retail Center 3 Ground Leases; Low Fixed Rate
	Alma School Rd. Bus. Cntr. Mesa, Arizona $2,500,000 Acquisition Financing 62,500 s.f. Multi-Tenant Industrial Complex Acquisition & Bridge Loan with Earn-out Provision
	La Habra Apartments La Habra, California $3,000,000 Refinance 128 Units Borrower had recent bankruptcy
	Meadowbrook, M.H.P. Templeton, California $2,000,000 Purchase Loan 115 Space Mobile Home Park No Appraisal Fee & No Phase I Fee
	Seranado Fountain Apts. Orange, California $4,700,000 Refinance 106 Units Long Term Fixed Rate
	Moonlight Motel Anaheim, California $989,667 Refinance 42 Unit Motel Independently Operated
	Ten Twenty M.H.P. Monrovia, California $986,667 Purchase Financing 33 Space Mobile Home Park All Single Wide – 3 Star Park
	Pioneer Center Artesia, California $5,600,000 74,000 s.f. Asian Retail Center Non-Recourse, Fixed Rate
	Wherehouse Retail Center Torrance, California $3,000,000 24,000 s.f. Wherehouse Entertainment Anchored Center
	Apartment Portfolio Henderson, Nevada $2,136,000 Refinance Multiple 2 Story Walk-up Apartment Buildings Portfolio of 11 Apartment Complexes
	The Learning Tree School Palm Desert, California $900,000 Cash Out Loan 5 Year Term Special Purpose Property Borrower had Many Credit Issues
	Retail “Pad” Building Redlands, California $1,400,000 Purchase Financing Loan was an ARM Product with a Ceiling Rate of 7.50% 2 Experienced Local Tenants on 10 Year Leases with 9 Years Remaining

Need to discuss a transaction? Please contact an Account Executive.

© 2006 Grace Capital Group, Inc., Irvine, CA. Please read our Website Legal Disclaimer.
Grace Capital Group is licensed by the California Department of Real Estate.
Site design by Specialized Marketing Agency