Churchill Commercial Capital, Inc. (CCC), has recently funded three permanent loans on three individual flex industrial buildings in the Scottsdale Airpark. The combined loans of $6,850,000 replaced an existing bank note. New funding was provided through one of CCC’s correspondent life insurance companies The loans featured interest rates in the mid to upper 4% fixed for 10 years with 25 year maturity and amortization schedules. Each loan was produced on behalf of Churchill Commercial Capital by Craig Hoebing.
Churchill Commercial Capital is a commercial mortgage banking company established in 1994 who has closed over $3.1 billion in loans. Churchill originates and services loans for its correspondent life insurance companies, and arranges debt and equity investments for owners of commercial and multifamily properties.