Great Eastern Investments





Great Eastern Investments, L.L.C. (GEILLC) is a privately held Limited Liability Corporation with offices in Texas and South Carolina and has affiliates in major locations of its market area. GEILLC is a mortgage firm that provides financing to develop, construct, and permanently finance income producing commercial real estate properties.

Market Area


GEILLC offers financing on qualified properties located in the continental United States -- with a preference for properties located in the Southeastern, Southern, Midwestern, and Western states.

Financing


GEILLC offers financing ranging from $500,000 to $35 million on:

  • Multifamily Property
  • Multifamily LIHTC Property (Low Income Housing Tax Credit)
  • Condominiums
  • Condominium Conversions
  • Anchored Retail Property
  • Unanchored Retail Property
  • Office Property
  • Light Industrial, Warehouse or Office/Warehouse Property
  • Mobile Home Park Property
  • Full and Limited Service Hotel and Motel Property
  • Self Storage Facilities Property
  • Single Credit Tenant Property
  • Specialty Properties
  • Agricultural Real Estate Property
  • Small Business Administration Loan Program
  • Acquisition and Development Property
  • Other Property Types Available Case-By-Case

Minimum Loan amounts vary dependent upon property type. Loans in excess of $35 million are available for qualified properties on a case-by-case basis. Loans on other property types -- such as assisted living care facilities, nursing homes, and single tenant properties occupied below investment grade tenants, are evaluated by individual situations.

Products

Permanent fixed rate financing is provided with and loan terms of ten years and amortizations up to thirty years. Construction Financing with a mini-perm is offered on selected property types with loan amounts of $3 million and more, priced at Prime plus a premium. See the Loan Program section for other terms, conditions, and requirements for the specific property type.

Features

The Loan Program has been designed to offer the borrower an expeditious decision. Additionally, our experienced underwriters, processors, correspondents, and legal counsel efficiently coordinate the funding.

Pricing

Loan Products are competitively priced and are offered to the borrower. The interest rates for permanent loans are quoted in spreads and fixed at the loan closing. Borrowers may choose to buy down the interest rate by the payment of origination points.  Construction loans are competitively priced at a premium over the Prime Rate.

 

Johnny Wade

Johnny Wade Ė President
Mr. Wade serves as President of GEILLC and oversees all aspects of the firmís activities.  He has more than 40 years of professional experience in banking and real estate. Mr Wade is a past president of the Georgia Association of Mortgage Brokers, has served as a regional director for the American Institute of Banking, and as a member of the board of directors of the National Association of Mortgage Brokers. Mr Wade graduated from Furman University, the South Carolina Bankers School, and the School of Banking of the South.



T.J. Morrow, CMC - Senior Vice President
Mr. Morrow oversees originations, underwriting, and loan commitments for GEILLC. He has more than 45 years of experience in commercial banking, and has served as CEO of several banks during his career. Mr. Morrow attended the Southwestern Graduate School of Banking at Southern Methodist University. Additionally, he is a Certified Mortgage Consultant (CMC), as awarded by the National Association of Mortgage Brokers (NAMB). Mr Morrow also is a past president of NAMB, and a lifetime member of its board of directors.

 



Great Eastern Investments Loan Programs
Contact Us Contact Personnel
Great Eastern Investments, L.L.C.
Tel: 800-366-7769 Fax: 830-796-4774
loan.inquiries@Great-Eastern.com
Copyright © 1997-2005 Great Eastern Investments