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Marabella Commercial Finance, Inc. Originates Permanent Financing for a 1031 Net Leased Walgreen Pharmacy and Kohls Department Store in Second Quarter 2011

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Carlsbad, CA (PRWEB) June 21, 2011

Marabella Commercial Finance, Inc. originates permanent financing for a 1031 Net Leased Walgreen Pharmacy and Kohls Department Store.

Marabella Commercial Finance, Inc. funded a $ 4.8 million loan for the Kohls corporate leased department store. The Buyer for this transaction was involved in a 1031 exchange transaction. The Borrower requested a long fixed rate loan term and amortization. Marabella Commercial Finance, Inc. arranged a Life Company loan with a 15 year fixed rate and 25 year amortization giving the borrower a more manageable balloon payment in the fifteenth year with excellent cash flow. The Borrower wanted a forward rate lock so Marabella Commercial Finance, Inc. structured an approximate 90 day forward rate lock and the rate was locked early in the process at 5.875%. This loan was Non-Recourse with Standard Carve-Outs. Marabella negotiated an annual non-cumulative partial prepayment of ten percent (10%) of the outstanding loan balance without a prepayment premium. This loan was applied for on around March 18, 2011 and funded on June 15, 2011.

For the Walgreen Corporate leased pharmacy Christian S. Marabella of Marabella Commercial Finance, Inc. met with the Borrower at Marabellas satellite office in Beverly Hills, California and structured a Bank Portfolio Loan which will give the Borrower a lot of flexibility in the future if they need to work with the bank for any reason versus that of a securitized loan where the loan is sold to bond investors on Wall Street. The loan amount that was required per the 1031 Exchange came to $ 5,500,000 (Upleg). The rate on this loan was a very low 5.35% and again Marabella Commercial Finance, Inc. negotiated a 90 day forward rate lock on behalf of the clients. The amortization for this loan was 30 years and the loan was due and payable in the 10th year. The Borrowers also requested a Non-Recourse loan with standard carve-outs which was structured. A highlight of this loan was the very friendly prepayment penalty of only $ 2,500 during the first nine years of loan term again giving the Borrowers a lot of flexibility if they consider refinancing or selling the property to a new purchaser in the 10 year period. This loan was applied for on around March 15, 2011 and funded on June 15, 2011.

About Marabella Commercial Finance

Marabella Commercial Finance specializes in arranging financing for 1031 Exchange Net Lease Buyers, Commercial Investment Properties and Large Anchored Centers. Past Credit Tenant Net Lease Properties that Marabella Commercial Finance has originated loans for are; Walgreens, CVS, Kohls, Safe-Way Stores, Rite Aid, Jack in the Box, 7-Eleven, Family Dollar, CSK Automotive, and Large Anchored Centers with credit tenants. MCF is a member of the Mortgage Bankers Association and most recently participated in the International Council of Shopping Center’s 2011 annual convention in Las Vegas. Christian S. Marabella who is President of Marabella Commercial Finance, Inc. is also in charge of Media Relations for the Association of Commercial Real Estate Executives Inland Empire (Ontario, California).

Contact:

Christian S. Marabella – President

Marabella Commercial Finance

We Finance America’s 1031 Exchange Net Lease Properties

(760) 479-0800

Email: nnn(at)marabellafinance(dot)com

http://www.marabellafinance.com

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Related Securitization Press Releases

Lifeloc Technologies Receives Contract for Phoenix 6.0 Bluetooth Breath Alcohol Testers from State of Missouri, Department of Corrections

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Denver, Colorado (PRWEB) August 23, 2011

Lifeloc Technologies, Inc., a Colorado based manufacturer of professional-use breathalyzers today announced that it has been awarded a contract by the State of Missouri Corrections Department for its Phoenix 6.0 Bluetooth Workplace breath alcohol testing systems. The contract is valued as high as $ 75,000. Lifeloc has had an ongoing business relationship with the state for over ten years.

The Missouri Corrections Department uses Lifeloc breathalyzers for both employee and inmate breath alcohol testing programs. The new Phoenix 6.0BT models will be used for employee testing statewide, enabling evidential documentation of alcohol breath testing.

The Phoenix 6.0BT is Lifelocs top of the line evidential breath alcohol testing system (EBT). Features include Lifelocs proprietary EasyMode software which guides alcohol testers step by step through the DOT testing protocol to ensure valid breath alcohol test results. Other advanced features include encrypted wireless printing of test results on tamper evident labels and full user password protection.

About Lifeloc Technologies

Lifeloc Technologies, Inc. is a trusted international provider of precise, reliable and easy to use portable breath alcohol testing instruments (breathalyzers). Lifeloc offers comprehensive online and classroom training, plus a complete line of supplies and drug screening products. Our alcohol testing devices have been manufactured continuously in Colorado since our founding in 1983. Lifeloc evidential and screening devices are approved by the U.S. DOT and other state and international regulatory agencies. More information about Lifeloc is available at http://www.lifeloc.com

The statements in this press release, relating to future plans, future events or products and services, are forward-looking statements which are subject to specific risks and uncertainties. These could involve particular market trends, competition factors and other risks described in documents submitted to the U.S. Securites and Exchange Commission. The actual results, events, products and services may vary significantly from the forecasts. The reader is warned not to rely on these forward-looking statements without reservation, since these are simply reflections of the current situation.

CONTACT:

John Rhoades