$1,000,000 Office Loan Closing!
Select Commercial Funding LLC is pleased to announce the closing of a $1,000,000 loan for the refinance of a 4400 square foot office building in Southampton, New York. The property housed the borrower's business and six other retail/office tenants. The borrower received a 10 year fixed rate and a 25 year amortization. Select Commercial was able to offer the borrower cash out, a lower rate, and a longer term.
About Select Commercial Funding LLC
Select Commercial specializes in apartment building loans, commercial mortgage loans, and business real estate loans nationwide.
About President Stephen A. Sobin
Stephen Sobin formed Select Commercial Funding LLC to offer commercial mortgage banking and real estate capital advisory services on a national basis. His goal was to become an advocate for his clients and to help them navigate the constant changes facing the banking industry and to assist them by providing access to commercial real estate funds despite the constant challenges facing the capital markets. The company was founded on the belief that many small to medium sized property and business owners lacked the expertise and capital sources to obtain the best financing options in the $750,000 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.
Please visit http://selectcommercial.com for more information.