Recent Closings: **Multifamily Property Purchase | 72% LTV | Broker Commission: $27,000** **Auto Repair Facility Refinance | 65% LTV | Broker Commission: $21,450** **Office Building Refinance | 75% LTV | Broker Commission: $12,000** **Restaurant Refinance | 55% LTV | Broker Commission: $13,500** **Hotel refinance | 62% LTV | Broker Commission: $54,844** **Multifamily Property Refinance | 80% LTV | Broker Commission: $22,400** **Retail Strip Center Purchase | 78% LTV | Broker Commission: $29,700** **Retail Strip Center Purchase | 70% LTV | Broker Commission: $10,710** **Hotel Purchase | 85% LTV | Broker Commission: $31,812** **Restaurant Refinance | 72% LTV | Broker Commission: $18,086**
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Recent Commercial Mortgage Loan Closings


Mount Moriah AME Church $8,200,000
Strip Mall Purchase $4,765,000
New Spirit Revival Center Inc. $4,700,000
Bethlehem Temple $3,750,000
Hotel Refinance $3,625,000
Christ Apostolic $3,500,000
The Hindu Temple of Metropolitan Washington $2,750,000
World Mission Marantha $2,659,000
United Christian Fellowship $2,400,000
BCC Life Changing Ministries $2,265,000
Christian Church of Christ at New Cut $2,200,000
Florida Bible Church $1,800,000
Christ Cathedral Church $1,800,000
Shiloh Conference and Retreat Center $1,700,000
Strip Mall Purchase $1,485,000
Retail Purchase $1,400,000
Montessori School - Santa Cruz $1,265,000
Full Gospel Church of Deliverance $1,250,000
Shiloh Conference & Retreat Center $1,250,000
Office condo Purchase ( SBA 504) $1,215,000
Owner Occupied Refinance $1,125,000
Apartment Purchase $1,120,000
Grace Chapel of Indio $1,100,000
Pleasant Grove $1,070,000
Apostolic Worship Center $1,000,000
Office Purchase $990,000
Retail Purchase $990,000
Faust-New Hope Revival $950,000
Pillar of Glory $950,000
The Washington Sae Han Presbyterian Church $936,432
Mount Zion New Covenant $920,000
Bible Baptist $885,000
Emmanuel Ministries $810,000
Christian Growth Ministries $800,000
Leviticus Church of God in Christ $790,000
French Speaking Baptist Church $750,000
Cedar Springs Community Church $735,000
Automotive Repair $715,000
Templo La Hermosa $700,000
Apartment Refinance $690,000
Office Purchase $668,000
New Beginning M.B. Church $656,000
Owner Occupied Industrial $630,000
Office Condo Purchase $626,000
Office Refinance $600,000
Faith Outreach Center $580,000
Apartment Purchase $564,000
First Korean Presbyterian Church of Maryland $550,000
St. John AME $547,000
Truth Apostolic Community Church $500,000
One Faith Fellowship $500,000
Inglesia Church $496,000
Church of the Living God $490,000
Church of the Living God $478,304
Life Changers Christian Center $475,000
Full Life Gospel Church of Deliverance $457,100
International Faith Christian Fellowship, Inc. $456,000
Restaurant Refinance $450,000
Restaurant Refinance $450,000
One Accord Christian Ministry $450,000
Community New Life Deliverance $445,000
Car Wash Refinance $430,000
La Ultima Church $422,500
First Tongan Assembly of God $412,500
New Antioch Holiness $412,000
Automotive Repair $410,000
Mt. Carmel Christian $401,000
New Jerusalem MB of Ocala $400,000
Calvary Apostolic Church $380,800
Tree of Life Missionary Baptist $380,000
Ephesians New Testament Church of God in Christ $374,000
World Wide Christian Ministries $370,000
Living Water $365,000
East Bay Hindy Community Center $360,000
The Living Word Church $356,000
Heavenly Temple $338,000
Higher Praise Outreach $320,000
Faith Christian Assembly $310,000
Centenial Caroline St. United Methodist Church $300,000
Pentecostal Church Triumphants of Jesus Christ $300,000
Greater Apostolic Outreach Holy Church of God $300,000
Word is Alive $300,000
Pembroke Bibleway $300,000
Automotive Repair $300,000
Cornerstone Church of Christ $288,759
Glorious Church of God in Christ $264,000
Mountain View Church Ministries, Inc. $260,000
Automotive Purchase $250,000
St. Johns Reformed Episcopal $250,000
Pillar, Ground & Truth Church of God $250,000
Auto Repair $230,000

Press Release:

The owner of a Zaxby’s franchise came to Griffin Capital through a mortgage broker with the following request: Refinance his SBA loan to release the lien on his home and other real estate. He also needed a substantial amount of cash to buy out a partner

Transaction Strengths:

  • Zaxby’s is a Franchise Restaurant.
  • Strong 2007 and 2008 operating numbers
  • Good Business Operator.

Transaction Weaknesses:

  • The business has only been in operation for three years.
  • Business is a Restaurant (risky sector)
  • Decreasing Property Values in the area.
  • Large cash out component to buy out partner.

Griffin Capital provided a first trust loan in the amount of $1,205,000.00 and a second trust in the amount of $135,000 paying off the SBA loan and releasing the additional collateral taken by the SBA.