Chicago, IL, June 27, 2008 --(PR.com
)-- Beacon Realty Capital, a commercial real estate financial services firm, arranged $10.98 million in construction/mini perm variable-rate debt for a medical office building located in Austin, Texas. Beacon arranged a loan that includes a three year deal with two one year extensions, featuring an interest-only component. The short-term financing was arranged using a national bank.
Beacon Realty Capital
Beacon Realty Capital is a Chicago-based national commercial real estate financial services company that arranges debt and equity financing for new and existing projects, advises on the acquisition and disposition of real estate assets, and provides commercial loan servicing for correspondents. Since its founding, the firm has closed debt and equity financings totaling more than $5 billion.