Volume 7, Issue 1

Newsletter Date: April 6, 2009


 RECENT FUNDINGS

$4,000,000 refinance of a retail center located in California.  The center was 90% leased but only 60% occupied.  Our loan retired the existing construction loan that had matured, and we provided a 5-year term with a 25-year amortization with no prepayment penalty and substantial cash out.

$2,000,000 refinance of a limited service hotel located in Kentucky.  The hotel needed some property improvements and the existing loan was maturing.  The existing lender was unwilling to renew its loan.  Other lenders had not delivered in the timeframe the borrower needed, until he found DOMINION.  The time from when our client executed the term sheet until funding was 32 days.

This is just another example of why DOMINION is now in its 33rd year of successful lending.

 


 Key Rate Indices


Prime Rate: 3.250
LIBOR (6 Month): 1.740
LIBOR (1 Year): 1.980
COFI:  2.455
CMT (5 Year):  1.760
5 Year Treasury:  1.860
10 Year Treasury:  2.900

 Featured Links


>
Dominion Home Page

> Online Loan Application

> Recent Fundings by Dominion

> Previous Featured Deals


Dominion Mortgage Corporation was established in 1977 and is a nationwide provider of real estate loans starting at $1,000,000. Dominion is known for financing properties that other lenders shy away from, such as single tenant or owner occupied properties, specialty healthcare properties and other unique transactions.

 

Real Estate Magazine's "Top 40 US Lender and Intermediaries."

For more information about our commercial mortgage products, please call Loren Thall at:
Telephone: (310) 477-3041, ext 127
E-mail: thall@dominfin.com

Corporate Offices: MetLife Plaza * East Tower * 11355 W. Olympic Blvd. * Suite 210
Los Angeles, CA 90064-1616 * http://www.dominfin.com

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