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Axiom Capital Corp. announces $45,000,000 closing in Simsbury, CT

Axiom Capital - Monday, January 14, 2019
Axiom Capital Corp. announces $45,000,000 closing in Simsbury, CT

Axiom Capital Corporation has arranged a $45,000,000 construction to permanent loan for the construction of an apartment community in Simsbury, CT. The non-recourse loan was for 5 years at a floating rate during construction and then converting to a fixed rate. The loan also offered two 5-year extension options.  ..

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Axiom Capital Corp. announces $14,000,000 closing in Concord, NC

Axiom Capital - Wednesday, December 26, 2018
Axiom Capital Corp. announces $14,000,000 closing in Concord, NC

Axiom Capital Corporation has arranged a $14,000,000 permanent loan for the refinance of a class A industrial property in Concord, NC. The non-recourse loan was for 13 years at a fixed rate. The property is a newly constructed 252,000+/- square foot industrial building in Concord, North Carolina.  ..

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Axiom Capital Corp. announces $24,000,000 closing in Westport, CT

Axiom Capital - Thursday, December 20, 2018
Axiom Capital Corp. announces $24,000,000 closing in Westport, CT

Axiom Capital Corporation provided financial advisory services in a sale of an office complex in Westport, CT. The property is composed of two adjacent Class A office buildings containing 125,926 square feet, situated on a 21.39 acre campus. Westport is a coastal town of colonial origin located along the Long Island Sound in Fairfield County, Connecticut, 47 miles northeast of New York City in Connecticut’s “Gold Coast” – an area famous for its wealthy residents and businesses. ..

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Axiom Capital Corp. announces $11,000,000 closing in New York, NY

Axiom Capital - Thursday, December 20, 2018
Axiom Capital Corp. announces $11,000,000 closing in New York, NY

Axiom Capital Corporation has arranged a $11,000,000 permanent loan for the refinance of a ground lease in New York, NY. The non-recourse loan was interest only for 10 years at a fixed rate. ..

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Axiom Capital Corp. announces $2,000,000 closing in Charlotte, NC

Axiom Capital - Friday, October 19, 2018
Axiom Capital Corp. announces $2,000,000 closing in Charlotte, NC

Axiom Capital Corporation has arranged $2,000,000 in permanent financing for the acquisition of a freestanding drug store in Charlotte, NC. The first mortgage is a fixed rate loan that fully amortizes over 20 years. The subject property is a 10,125 SF CVS drug store with a Minute Clinic and a drive-through. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,800 as of May 2018) and total prescription revenue. The company has an S&P rating of BBB+ and reported a revenue of over $131 Billion in 2017. The subject property is located  at the intersection of two major thoroughfares in an infill location, just 13.5 miles from Uptown Charlotte. ..

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The Current Yield Curve and CRE Investment Decisions

Axiom Capital - Friday, October 05, 2018
The Current Yield Curve and CRE Investment Decisions

The September 17th, 2018 edition of our Rate Watch included some critical historical perspectives related to interest rates and the often-predictive YIELD CURVE. For Commercial Real Estate (CRE) investors both short and long-term rates drive decision making. Assets that require greater flexibly are often financed with floating rate or shorter 3 to 5-year treasury indexed loans. Longer term holds are often financed with 7 to 10 to 30-year fixed treasury indexed loans. The question we are addressing here is how does the yield curve, and specifically, an INVERTED yield curve, impact CRE investment decisions?  ..

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Axiom Named #1 Commercial Mortgage Lender in 2017 by Albany Business Review

Axiom Capital - Wednesday, October 03, 2018
Axiom Named #1 Commercial Mortgage Lender in 2017 by Albany Business Review

Axiom was named the #1 Commercial Mortgage Lender in 2017 by the Albany Business Review for the Capital Region (Eastern Upstate NY). While Axiom does business nationwide we are headquartered in the Capital District with a satellite office in Montclair, NJ. While we have a significant presence in the Northeast we are very active nationwide with recent closings on properties located in AR, CA, CT, FL, IL, MI, NC, NJ, NM, NY, PA, SC, TN, TX, and VA. For additional information on available financing solutions contact Chuck Cronin at 518-472-4000 x 204, Andrew Kleinberg at 917-710-1505, or John Freedman at 518-280-5815. ..

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Axiom Capital Corp. announces $8,200,000 closing in Colonie, NY

Axiom Capital - Tuesday, October 02, 2018
Axiom Capital Corp. announces $8,200,000 closing in Colonie, NY

Axiom Capital Corp announces the closing of an $8,200,000 construction to permanent loan for a 53,897 square foot medical office and surgery center in Colonie, NY. The building has immediate access to Interstate90 and Albany Shaker Road. The surgery center will be a collaborative effort between OrthoNY, Albany ENT, and St. Peter’s Hospital. The surgery center will provide hip, knee, back, ankle/foot, leg, hand and shoulder surgical operations to patients of OrthoNY as well as tonsils, adenoids and eardrum surgical operations to patients of Albany ENT.  ..

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AXIOM CAPITAL CORP. ANNOUNCES $10,547,790 CLOSING IN UTICA, NY

Axiom Capital - Friday, September 28, 2018
AXIOM CAPITAL CORP. ANNOUNCES $10,547,790 CLOSING IN UTICA, NY

Axiom Capital Corp announces the closing of a $10,547,790 construction to permanent loan for the financing of a 145 bed student housing complex for Utica College in Utica, NY. Utica College is a private higher education institution, located on 128 acres in the heart of Central New York within the City of Utica. The College offers 38 undergraduate majors, 31 minors, 21 graduate programs (including masters, doctoral and graduate certificate programs) on-campus and online, numerous pre- professional and special programs, and study abroad opportunities. With record high enrollment and transfer rates caused by the recent tuition reduction, the College is fulfilling the need for more on-campus housing with this project. ..

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Axiom Capital Corp. announces $21,500,000 closing in Glenville, NY

Axiom Capital - Wednesday, August 22, 2018
Axiom Capital Corp. announces $21,500,000 closing in Glenville, NY

Axiom Capital Corp announces the closing of a $21,500,000 permanent loan for the refinance of a 360-unit apartment complex in Glenville, New York. The subject is a portion of a 444-unit apartment community located off of Route 50 in the Town of Glenville, New York, one of the Capital District’s top suburbs. The subject is less than 3 miles from 3 of the Capital Region’s largest employers: Golub (Price Chopper) Corporate Headquarters, GE, and Knolls Atomic Laboratory. – The property is also in close proximity to Union College and Schenectady Community College.  ..

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