Newsletter Date: March 3, 2010

 

NEWS RELEASE

DOMINION has successfully closed a $5,200,000 transaction, or as our client said, “DOMINION rescued my deal.”

Here’s what happened:

Our client had a matured construction loan and his project had stopped.  DOMINION’S task was to negotiate with the current construction lender to extend their loan and also to provide the client with subordinated financing and preferred equity necessary to complete his project.

DOMINION’S affiliate, Dominion America Realty Advisors www.dominfin.com/loan_discounts.html succeeded by restructuring the existing $4,000,000 construction loan and DOMINION MORTGAGE provided $1,200,000 of new funds into the project. 

The financing provided in the capital stack was creatively structured to allow for the conversion into permanent financing.  This is just another example of DOMINION still lending where others are not.

DOMINION, through its affiliated entity, Dominion America Realty Advisors, is seeking transactions where there is an existing loan that has matured or will mature. DOMINION has 37 years of expertise in negotiating with existing lenders and can save you or your clients substantial monies by negotiating discounted loan payoffs and/or extensions. Knowing that DOMINION can bring new mortgage funds to the negotiating table gives the existing lender the ability to accept a discounted loan payoff where they previously would not have. You want DOMINIONon your team!!

Give us a call today.

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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