Selectcommercial.com Funds $3,116,000 Florida Apartment Building Loan Located in Bradenton, FL

Selectcommercial.com Funds $3,116,000 Florida Apartment Building Loan Located in Bradenton, FL

Selectcommercial.com announced on Wednesday, May 21st, 2014 the refinancing of a $3,116,000, 84 unit apartment building located in Bradenton, Florida. The borrower received a 5 year fixed rate loan with a 10 year term and a 25 year amortization. This allowed the borrower to pay off a high rate loan and lock in a low fixed rate.

About Select Commercial
Select Commercial offers a very simplified application process with no upfront application fees and no processing fees. We will discuss you loan request with you during our initial phone conversation and have you provide some basic information about the property and the borrower. Written pre-approvals are generally provided within 24 hours with no absolutely cost or obligation. We always offer professional service with excellent rates and terms.

Select Commercial is focused on providing the best commercial mortgage financing solutions for each client’s needs. All details of the commercial mortgage lending process are meticulously managed from the beginning of the loan process to closing. We’ve worked hard to earn the reputation we’ve established with our clients and continue to look for ways to improve our service. We advise each individual client and try to find the perfect solution for his or her needs. How do we find the perfect solution?  We identify and screen lenders that best suit the needs of the client and ensure their ability to close on the terms provided.

Here are some of the loan types Select Commercial can help you with:

  • Office Building Loans – multi-tenant or single tenant, owner occupied or investor
  • Retail Building Loans – shopping centers, retail strip centers, or individual stores
  • Industrial Property Loans – warehouses, distribution centers, manufacturing facilities
  • Bridge Loans – short term loans to overcome short term problems
  • Single/Special Use Loans – motels, gas stations, restaurants, etc.
  • Apartment Building Loans – garden apartments, high-rises, cooperatives, etc.
  • Investment Property Loans – any income producing property


About Our President, Stephen A. Sobin

Stephen A. Sobin is the President and Founder of Select Commercial Funding LLC.  Mr. Sobin has over 30 years’ experience in mortgage lending.  Mr. Sobin is the past president of the mortgage lending division of a federally chartered Federal Savings Bank. He founded Select Commercial to provide commercial mortgage advisory services to his clients nationwide.

 

Experienced Commercial Mortgage Broker

Over the past 30+ years of my mortgage banking career, my clients count on me to place their loans because they know I will deliver the following:

  • Access to lenders, and the decision makers who approve the loans, who will provide them the best interest rates and terms for their properties.
  • Certainty of close. Loans that are approved and closed on the originally quoted terms. The ability to provide a wide array of loan programs to meet the varying needs of all borrowers. Lenders who can service loan requests from $750,000 to $10 million or more.
  • The ability to do loans on office, retail, industrial, apartment, mini storage, hotel, mobile home parks and special use properties nationwide.
  • My team and I do all the heavy lifting for our clients to free them up to continue to run their businesses – from initial underwriting of the loan, negotiating the loan applications, all processing and negotiating closing terms.
  • I am a huge advocate for my clients, have strong ethics, work hard and have the ability to get things done in a timely manner.

Select Commercial Funding LLC is a leading commercial mortgage broker nationwide.

If you are looking for an experienced commercial mortgage broker, don’t hesitate to contact me at 516-596-8537 or by email at sas@selectcommercial.com.