Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Recent Closing
Select Commercial Closes Retail Commercial Mortgage Loan of $4,000,000
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Select Commercial Funding LLC, a leading nationwide commercial mortgage brokerage company, is pleased to announce the closing of a Commercial Mortgage Loan of $4,000,000, for the refinance of a neighborhood retail shopping center known as Pelham Plaza Shopping Center, located in Pelham, Alabama. The center contains 108,957 gross square feet of building area on a 10.66-acre parcel. The property was built in 1973 and has parking for 430 cars. The property was 95.6% occupied at closing with 18 local tenants and anchored by a local supermarket. “Select Commercial specializes in commercial and apartment lending, and we like to lend to local real estate investors”, commented Stephen A. Sobin, President and Founder of Select Commercial. “We liked the property very much, but more importantly, we were very comfortable with the borrower’s strong financial condition and management experience. Quality management is very important to our underwriting process”, added Mr. Sobin.
About Select Commercial Funding LLC
The professionals at Select Commercial Funding LLC are commercial mortgage consultants focused on providing the best financing solution for each deal and every client. We manage every detail of the loan process from start to finish and act as your commercial real estate loan advisor, offering personalized service and custom-tailored loan programs. From smaller loans to large loans, we deliver the results that have earned the trust of borrowers and lenders nationwide.
Select Commercial specializes in apartment building loans, commercial real estate loans and business real estate loans nationwide, with a minimum loan size of $1,500,000. Learn more about us.
About Stephen A. Sobin, President
Stephen A. Sobin is the President and Founder of Select Commercial Funding LLC. With more than 30 years of experience originating commercial real estate loans, he formed Select Commercial to offer commercial mortgage banking and real estate capital advisory services to clients on a national basis.
Read Stephen’s full profile or contact our team to discuss your loan.
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