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5/18/18
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Dominion Mortgage Corporation, the 40-year-old, national real estate loan provider, has just completed one of its most successful 12-month periods in the company’s history.
Established in 1977, Dominion Mortgage Corporation’s expertise extends to a wide range of real estate segments, including industrial, office, retail, healthcare and multifamily, along with even more specialized property types that many other lenders shy away from. In just the past year, some of the company’s more challenging loan fundings have included a food processing plant, an airport rental car facility and leased land.
Dominion has the flexibility to meet most financing needs, such as permanent, bridge, mezzanine and/or equity loans. Some of Dominion Corporation’s fundings over the past 12 months have included:
• A $5.6 mil first trust deed loan on a food processing plant in central California. Dominion’s loan provided significant working capital to the business so they could complete their pending orders. The loan, based on collateral value and pro forma net income, closed in under 30 days.
• An $8.5 mil bridge loan on multiple industrial properties on the San Francisco waterfront. The loan closed in just 30 days.
• A $5.025 mil permanent loan on an international airport rental car facility in Florida.
• A $13 mil, 24-month bridge loan and debt recapitalization on a hotel in Oklahoma.
• A $3.72 mil loan on a 57.7k sf retail strip center. The borrower was facing an existing loan that had matured and had been turned down by a regional bank for new financing.
• A $2.3 mil bridge loan with cash-out and renovation proceeds on a grocery-anchored retail center in North Carolina.
• A $1.5 mil loan on two office buildings totaling 18.9k sf in an Orange County business park.
Established in 1977 by commercial real estate financing veteran Paul Horvitz, Dominion Mortgage Corporation is a “nationwide” provider of real estate loans starting at $1 mil and ranging up to over $30 mil. In addition to offering financing for single-tenant, owner-occupied and most other property types, Dominion has established a reputation for being able to finance properties that other lenders shy away from, such as healthcare facilities and other unique transactions.
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