Select Commercial specializes in commercial mortgage loans
Select Commercial specializes in commercial real estate loans from $750,000 to $10 million and we lend nationwide. Many people ask us why they should choose Select Commercial rather than their local bank. In addition to great rates and terms, fast turnaround time and superior service, we have the ability to close loans that banks and other institutions often find difficult. Here are some examples of loans that we have closed recently:
Albuquerque, New Mexico – our borrower owned an office/retail property with tenants that all had short term leases. The borrower’s current bank was concerned that the tenants would not renew and the property would become vacant. We were able to offer this borrower a 5 year fixed rate loan with a 5 year renewal option and a 25 year amortization.
Cape Coral, Florida – our borrower owned a small apartment complex in a small market. The borrower lived in New York and local banks were uncomfortable lending to an out of state borrower. We had no difficulty with this transaction. We approved a refinance of a high rate loan and provided cash out as well for property improvements.
Brooklyn, New York – our borrower was looking to refinance a small apartment building, but had slow credit. The local bank did not like the borrower’s credit score. We liked the property and did not allow credit to get in the way of our approval.
Bensenville, Illinois – our borrower was purchasing an apartment complex and needed to close within 45 days. His current bank could not work under that timing constraint. We had no trouble closing quickly.
Byron, Georgia – our borrower owned a mobile home park and was looking for a 30 year fixed rate loan. His local bank would only fix the rate for 5 years at a time. We made a 30 year fixed rate loan at a great low rate.
Whatever your needs, Select Commercial has a loan program to suit your individual needs. If you would like to review a loan scenario with us, please contact us today at 1-877-548-9454.
You can check out our commercial real estate loan rates here. Then use our commercial mortgage calculator to determine your monthly principal and interest payment.
Author
Stephen A. Sobin is the President and Founder of Select Commercial Funding LLC. Mr. Sobin has over 35 years’ experience originating commercial real estate loans. He formed Select Commercial to offer commercial mortgage banking and real estate capital advisory services to his clients on a national basis. His goal was to become an advocate for his clients and to help them navigate the ever-changing economic conditions facing the banking industry and to assist them by providing access to commercial real estate funds despite the uncertainty of the capital markets. The company was founded on the belief that most small to medium sized property and business owners lacked the expertise and sources to obtain the best financing options in the $1,500,000 to $10,000,000 range. While large real estate companies often have in-house finance professionals, most small to medium sized borrowers do not have the same access to professional advice and sources of funds. Mr. Sobin focuses on providing those services to this segment of the market.