Scottsdale, AZ, July 17, 2008 --(PR.com
)-- Commercial real estate investment banking firm, MJM Capital Group, LLC, based in Phoenix, Arizona, is pleased to announce the arrangement of a $7.2 million acquisition loan for the 138,830 square foot, “garden-style” office park just outside Dallas, Texas for a private investor in Scottsdale, Arizona.
MJM understood that with the current state of the capital markets, their client would need more than simply the experience and financial strength to acquire this property. “They would also need the right institutional lender comfortable with the transaction size, location, and deal complexity,” says Jeffrey Dreyer, Principal and Managing Director of MJM Capital Group who arranged the financing.
An institutional correspondent of MJM’s was arranged to fund the transaction at just below 70% loan to acquisition price. The financing structure allowed the client to experience a long term debt structure of 25 years and take advantage of the relatively low rates available today. The property is to be held by MJM’s investor as a portfolio investment.
MJM Capital Group, LLC, is a commercial real estate investment banking firm specializing in the structure of capital obtainment and equity negotiation.
The MJM commercial finance brand is unique, offering the capacity to finance all aspects of commercial development; acquisition and development, bridge, to permanent financing.
MJM seeks out the most cost - effective financial structure, regardless of transaction size, location, timing, or complexity. MJM is committed to exclusive Client representation, clearly positioned to leverage market knowledge, private and institutional banking relationships to provide unbiased recommendations, solutions, and, most importantly, efficient service. It seeks project improvement, helping Clients achieve a sensible equilibrium among borrowing needs and investment goals.