Axiom Capital Corp. announces $10,500,000 closing in Burlington, MA
Axiom Capital Corp. has arranged $10,500,000 in permanent financing for the refinance of a 51,000 SF freestanding grocery store building in Burlington, MA. The non-recourse loan was for 10 years at a fixed rate and demonstrated a sub 65% LTV amortized over 30 years. The Property is strategically located immediately off Exit 32 of I-95/Route […]
Read MoreAxiom Capital Corp. announces $7,600,000 closing in Clifton Park, NY
Axiom Capital has arranged $7,600,000 in construction to permanent financing for a medical office building in Clifton Park, NY. The non-recourse loan was for 11 years at a fixed rate with 1 year of interest only payments. The loan demonstrated a sub 80% LTV of the “as completed” value. The Project is ideally located within […]
Read MoreAxiom Capital Corp. announces $3,100,000 closing in Greece, NY
Axiom Capital Corp. has arranged $3,100,000 in permanent financing for the refinance of a retail/ office plaza in Greece, NY. The non-recourse loan was for 10 years at a fixed rate amortized over 30 years. The loan demonstrated a sub 60% LTV with a strong DSCR. The Plaza is ideally located along the area’s major […]
Read MoreAxiom Capital Corp. announces $6,500,000 closing in Greece, NY
Axiom Capital Corp. has arranged $6,500,000 in permanent financing for the refinance of a grocery anchored retail plaza in Greece, NY. The non-recourse loan was for 10 years at a fixed rate amortized over 30 years. The loan demonstrated a sub 60% LTV with a strong DSCR. The Plaza is anchored by a Tops Markets […]
Read MoreAxiom Capital Corp. announces $7,030,800 closing in Phoenix, AZ
Axiom Capital Corporation has arranged a $7,030,800 permanent loan for the acquisition of an apartment complex in Phoenix, AZ. The non-recourse loan was for 12 years at a fixed rate with 3 years of interest only. The subject property features two large courtyard pool areas, a children’s playground, pet friendly units, covered parking as well […]
Read MoreAxiom Capital Corp. announces $3,000,000 closing in Glenwood, IL
Axiom Capital Corp. has arranged a $3,000,000 permanent loan for the acquisition of a ground lease in Glenwood, IL. The non-recourse loan was fully amortizing for 16.5 years at a fixed rate. Chase Bank has occupied the property since 2005. The bank has a long-term lease with zero landlord responsibilities and 2.5% annual rental increases […]
Read MoreWhat Does the Fed Rate Cut Mean for Your Commercial Real Estate Portfolio?
What Does the Fed Rate Cut Mean for Your Commercial Real Estate Portfolio? August 1, 2019 By: Charles Cronin, President & CEO, Axiom Capital Corp. As you may be aware, yesterday the Federal Reserve (“Fed”) cut the federal funds rate from 2.50% to 2.25%. I have been asked several times if loan rates will now […]
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