480 970 0990
First Charter Financial HOME COMMERCIAL HOTELS MULTIFAMILY FCF BLOG ABOUT US

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(480) 970-0990


STRIP CENTERS

We have always recognized that Strip Centers are the backbone of retail. From the standpoint of long-term stability and yield the neighborhood anchored strip has, over time, shown an enviable record of cash flow. They have also had growth benefiting from inflation.

An owner should recognize that an anchored strip may have a credit component. We will analyze that for you. If it is realistic to split out credits we will discuss that option with you. By doing this we may find that the loan proceeds are larger and the interest costs may be lower.

Analysis and proper placement of a loan is a value that we provide for our clients.

BIG BOX POWER CENTERS

These properties are really a strip centers on steroids. Much larger in size they may have a number of credit tenants. There are also often a number of out parcels and ground leases.

Here again it is a question of analyzing the credits, the cash flow and the stability over time. That will determine the best financing for this type of property.

MALLS, A MIXED BAG

Generally malls are dependent on department stores as anchors. Back in the good old days malls were terrific. Then retail changed. Some department stores merged others went out. Some malls fell on hard times. It has become a case by case situation.

Today a mall that has been able to maintain a high level of occupancy and cash flow are very financeable. Malls that have been hard hit by the changes that have taken place in retail must be looked at on an individual basis.

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OUR LENDERS

Credit loans go right to the Wall Street money market lenders. Large loans secured by stable properties with a low LTV, 60%, go to the large insurance companies. The CMBS lenders are very active in this market. Smaller loans will go to the banks.


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8204 East Del Caverna Drive, Scottsdale, AZ. 85258
info@fcfcorporation.com
AZ CMB-0922527
NMLS ID 181100
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