Los Angeles, California – The Commercial Loans news for the day is on a pair of Commercial Loan transactions. One Commercial Loan is on a U.S. General Services Administration which was awarded for a build-to-suit lease for the U.S. Federal Bureau of Investigation in Hawaii. Commercial Mortgage Brokers secured financing with a grand total of $163 Million. The Commercial Mortgage Brokers arranged the commercial loans to be structured as follows. The first commercial loan portion is the $83 million construction loan and then the Commercial Loan for $80 million in permanent financing takes place. The new Hawaii FBI office building will be built by the Penrose – Walsh Company.
The property is going to be built for the FBI and will be constructed to qualify for their specialized, high security requirements. Our research identified that after the bombing of the Alfred P. Murrah Federal Building that took place in Oklahoma City back in 1995. After that horrible event, the federal government started to take a harder look at our federal facilities. The Federal Government realized that many of these Commercial Properties were not built to sufficient security standards. The FBI will have a new Office headquarters which will be located in Kapolei. This Commercial Loan collateral should be built to meet the Level 4 Inter-agency Security Committee criteria. As we see many NNN Commercial Real Estate developers trying to get their structures qualify for LEED Gold certification by the U.S. Green Building Council. This Commercial Loan collateral will try for this LEED Gold certification also.
Commercial Mortgage Brokers work On behalf of NNN commercial property developers and private investors. Commercial Loan Brokers secure financing from various sources including life insurance companies, pension funds, government sponsored agencies, private investor funding and investment banks. Our Commercial Mortgage Lenders have been very busy with CTL Financing for retail triple net lease properties. This recent splurge of CTL Financing is a very good indicator that the retail investment market is starting to gain more confidence.
Some additional Commercial Loans news comes from Florida. A Net Leased Property, the Seminole Towne Center, received refinancing in the amount of $60 million. This Commercial Loan collateral is an enclosed regional retail shopping center mall located in Sanford, Florida. Sanford is approximately 26 Miles north of Orlando, Florida. Sanford is just south of the beautiful Lake Monroe. Commercial Mortgage Brokers worded diligently to arrange this 10-year, commercial loan with a fixed-rate.
This Commercial Loan collateral is situated on approximately 79 acres. The Florida Commercial Loan collateral sits at the Interstate 4 and Florida Beltway intersection. This Commercial Loan collateral benefits from the highly active Orlando’s central business district. Shoppers can partake in the elegant Florida retail shopping center, the Seminole Towne Center. This Florida Commercial Loan collateral was developed in 1995 and has had some renovations over the past years. This Florida Commercial Loan collateral has some excellent net leased property Tenants including Dillard’s, JC Penney, Macy’s, a 10-screen United Artists Theatre, Red Lobster, Zales Jewelers and Sears.
If you are seeking to buy investment property, especially in the areas listed below, then fill out our easy Commercial Loan Form
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