Las Vegas, Nevada
$2,500,000 |
Spring Mountain Office
Two multi-tenant office buildings containing 32,798 square feet of rentable space on 2.12 acres of land. The buildings are of wood and steel frame construction and were built in 1991 and 2001. The loan per square foot is $76.22.
20 year term and 20 year amortization
Originated by Mr. David Barber
Q10 Bonneville Mortgage Company |
|
Houston, Texas
$2,525,000 |
4809 Westway Park Blvd.
An owner-occupied office building containing 18,863 square feet of rentable space on 2.189 acres of land. The property is constructed of concrete tilt-up with decorative stone and glass storefronts utilizing our construction to permanent loan program. The initial loan to value is 75% with a 1.07 debt cover.
12 month construction loan term, and
15 year fully amortizing permanent loan term
Originated by Mr. Ray Marshall
Kinghorn, Driver, Hough & Co. |
|
Virginia Beach, Virginia
$2,885,000 |
Virginia Beach Ethan Allen
A two-story retail building containing 25,550 square feet of rentable space on 1.4 acres of land. The property is of masonry construction and was built in 2005. The loan per square foot is $112.92.
20 year term and 20 year amortization
Originated by Mr. Victor L. Pickett
Laureate Capital |
|
Minneapolis, Minnesota
$1,500,000 |
Nicollet Avenue Office
A single-tenant, three-story office building containing 25,991 square feet on 0.86 acres of land. The property is of masonry construction and was built in 1956. The loan per square foot is $57.71.
10 year term and 20 year amortization
Originated by Mr. Michael Thorsland
Venture Mortgage |
|
Cincinnati, Ohio
$3,800,000 |
Hannaford Suites Hotel
A First Deed of Trust secured by a limited service hotel containing 79 rooms on 1.94 acres of land. The property is of concrete block and brick construction and was built in 2000. The loan to value is 64.6% with a 1.53x debt cover.
10 year term and 20 year amortization
Originated by Mr. Chip Kupferberg
BlueMark Capital, LLC |
|
Charleston, South Carolina
$4,400,000 |
West Ashley Apartments
A real estate joint venture between Ameritas Life Insurance Corp. and Franklin Capital Group of Alexandria, Virginia consisting of two existing apartment complexes totaling 298 units on 11 acres of land. Charleston Arms Apartments is an existing complex consisting of 138 units in two buildings and Georgetown Apartments is an existing complex consisting of 160 units in five buildings. They are constructed of wood frame with brick veneer exteriors and were built in 1969 and 1965. |