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Axiom Blog

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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Axiom Capital Corp. announces $17,000,000 closing in Middletown, CT

Axiom Capital - Tuesday, August 21, 2018
Axiom Capital Corp. announces $17,000,000 closing in Middletown, CT

Axiom Capital Corporation announces the closing of a $17,000,000 permanent loan for the financing of an office building in Middletown, Connecticut. The Borrower is investing $19,500,000 in renovating the property. The renovations include a complete gutting of the existing 85,000 square foot building leaving only the three-story concrete frame, which will receive new exterior and interior finishes. When complete, the modern office building will expand to 90,000 square feet and include 316 parking spaces. The state-of-the-art building will offer amenities such as classrooms, an auditorium, a café with indoor and outdoor seating, and a fitness center with locker rooms. ..

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Axiom Capital Corp. announces $9,350,000 closing in San Francisco, CA

Axiom Capital - Friday, July 20, 2018
Axiom Capital Corp. announces $9,350,000 closing in San Francisco, CA

Axiom Capital Corporation announces the closing of a $9,350,000 permanent loan for the refinance of a 32,791 square foot mixed-use building in the Mission District of San Francisco, California. The Mission District is one of the most sought-after neighborhoods in the city, with its eclectic mix of restaurants, shops, and parks. The subject property contains 41 single room occupancy (SRO) units, 11,022 square feet of ground floor retail, and 11,502 square feet of basement storage space. The property has a Walk Score of 99 with immediate access to numerous retail options, Mission Dolores Park, two Bay Area Rapid Transit (BART) stations within two blocks, and six bus lines within four blocks.  ..

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Axiom Capital Corp. announces $6,000,000 closing in Clovis, NM

Axiom Capital - Tuesday, July 10, 2018
Axiom Capital Corp. announces $6,000,000 closing in Clovis, NM

Axiom Capital Corporation announces the closing of a $6,000,000 permanent loan for the acquisition of a 43,484 SF free standing Albertsons store in the city of Clovis, Curry County, New Mexico. Albertsons currently operates 2,300+ stores across 33 states under 18 well-known banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Randalls, and United Supermarkets. Albertsons operates in 121 Metropolitan Statistical Areas in the United States and is ranked #1 or #2 by market share in 68 percent of them. The Clovis asset benefits from various retailers, institutions and living communities in the immediate area. Albertsons shares a parking lot with numerous national retailers including: Hobby Lobby, Harbor Freight Tools, IHOP, and Dollar General, which helps to draw additional traffic to the area. North Plains Mall, a 303,000 SF enclosed mall, is less than 1 mile from the Asset and draws nearly 100,000 consumers across Eastern New Mexico and West Texas. The Property also has excellent frontage along Prince Street, with exposure to over 24,000 average vehicles per day.  ..

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Axiom Capital Corp. announces $3,000,000 closing in Mahwah, NJ

Axiom Capital - Monday, July 02, 2018
Axiom Capital Corp. announces $3,000,000 closing in Mahwah, NJ

Axiom Capital Corporation announces the closing of a $3,000,000 permanent loan for the refinance of a 22,000 SF office building in Mahwah, New Jersey. Mahwah is a township in Bergen County, New Jersey. The building is the headquarters of Inserra Supermarkets who owns and operates 22 ShopRite Grocery stores in Northern New Jersey, and adjacent counties in Southern NY. The building’s access, visibility and excellent condition are key features that add significantly to its value. The 3-story property is strategically located in a central area with immediate access to Route 17, one of the area’s largest thoroughfares. ..

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Axiom Capital Corp. announces $12,200,000 closing in East Greenbush, NY

Axiom Capital - Thursday, June 28, 2018
Axiom Capital Corp. announces $12,200,000 closing in East Greenbush, NY

Axiom Capital Corporation announces the closing of a $12,200,000 construction to permanent loan for the redevelopment of a 122,819 SF mixed use building, in East Greenbush, Rensselaer County, New York. The property is located in one of Upstate New York’s busiest and fastest growing submarkets. The redevelopment is of a former 95,719 SF department store into offices and retail space that will bring increased traffic and business to the Turnpike, while also leaving open the possibility of new pad sites on the front of the existing property in the future. ..

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