Axiom Capital announces a closing in Malta, NY
Axiom Capital has structured and arranged a $3,100,000 construction to permanent loan for the acquisituon and expansion of a 31,600 SF Industrial Property in Malta, New York. The property is located in the state-owned Saratoga Technology + Energy Park and adjacent to Luther Forest Technology Campus. Upon completion the property will be leased to an […]
Read MoreAxiom Capital announces a closing in Egg Harbor Township, NJ
Axiom Capital has structured and arranged a $2,400,000 permanent loan for the refinance of a single-tenant retail property in Egg Harbor Township, Atlantic County, NJ. The property is located along Black Horse Pike in Egg Harbor Township (6.0 miles northwest of Atlantic City). The new construction retail branch will consist of a 4,851 square foot […]
Read MoreAxiom Capital announces a closing in Latham, NY
Axiom Capital has structured and arranged a $4,000,000 permanent loan for the refinance of a medical office building in, Latham (Colonie), Albany County, New York. The property consists of a 22,602 square foot, three-story ambulatory surgical center and medical office building with approximately 66 surface parking spaces situated on approximately 1.90 acres. The property includes […]
Read MoreBorrower Costs Likely To Stay Higher
The Fed has met market expectations with a hawkish pause, leaving the benchmark rate in the 5.25%-5.50% range. The Fed indicated one more hike this year and signaled what many had expected, “borrower costs will likely stay higher for longer after the one more hike this year.” 12 of the 19 officials favored another rate […]
Read MoreAxiom Capital announces a closing in Melbourne, FL
Axiom Capital has structured and arranged a $2,100,000 permanent loan for the aquisition of a small bay industrial property in Melbourne, Brevard County, Florida. The property, constructed in 1998, consists of a 30,000 square foot industrial building with 101 car parking spaces situated on 4.20 acres. Building features include, but are not limited to a […]
Read MoreJackson Hole and A Future Toll?
Axiom President Chuck Cronin presents this article as a “worth the read” authored by his friend and great predictor of future rate and economic trends Gary Carmell – The Philosophical Investor. Fed Chairman Jay Powell spoke last Friday at the Jackson Hole conference for Central Bankers. He was pretty clear that the Fed would remain vigilant […]
Read MoreThe Direction of Interest Rates
The Direction of Interest Rates and Knowledge to Aid In Decision Making Written by: Chuck Cronin on 8/10/23 We get overloaded with information these days. If you have a loan maturing or have a need to finance commercial real estate today, there are many factors that must be considered. We tried to make it easy […]
Read MoreAxiom Capital announces a closing in New York City, NY
Axiom Capital has structured and arranged a $22,000,000 permanent loan for the refinance of a mixed-use multifamily property in Lower Manhattan in the Financial District, New York City, New York. The property is an eight story building with commercial space on ground level and apartments on the upper floors. The unit mix is heavy on […]
Read MoreAxiom Capital announces a closing in Latham, NY
Axiom Capital has structured and arranged a $8,600,000 permanent loan for the refinance of a retail plaza located in the Latham area of the Town of Colonie, Albany County, New York. The property consists of approximately 107,245 square feet of retail, with some office space, in 9 separate buildings situated on approximately 15.77 acres. The […]
Read MoreThe Squeeze Is On by Gary Carmell
As this chart shows, the yield continues to invert with 3-month Treasury Bill yields substantially higher than 10-year Treasury Note yields. As I wrote about previously, Fed Chairman Jay Powell discounted traditional yield curve indicators such as the differential between 10s and 3-month T Bills and 10s and 2-year Treasury yields. He found research done by […]
Read MoreAxiom Capital announces a closing in Lewisville, TX
Axiom Capital has structured and arranged a $6,392,000 permanent loan for the acquisition of a single tenant specialty grocer located in Lewisville, Denton County, Texas. The property consists of a 48,427 square foot building situated on 3.20 acres. The property is located within a shopping center, that totals more than 106,000 square feet. The property […]
Read MoreAxiom Capital announces a closing in Farmington, MO
Axiom Capital has structured and arranged a $3,000,000 permanent loan for the refinance of a freestanding retail building located in Farmington, St. Francois County, Missouri. The property was built in 2016 and contains a 51,373 square foot single tenant building with 162 surface parking spaces situated on 3.90 acres. The property is located on Bray […]
Read More