Selectcommercial.com Funds Three Commercial Mortgage Loans Totaling $3,268,000.
Selectcommercial.com announced on Monday, November 25th, 2013, that it originated three loans totaling $3,268,000 loan for the refinance of self storage units located in Ellijay GA, Laurinburg NC and Havelock NC.
The borrower received 25 year loan terms and amortizations with rates fixed for five years. This allowed the borrower to lower his rate, lower his monthly payments, obtain fixed rates and access working capital.
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.