$2,812,000 Apartment Building Loan Closing!
Select Commercial Funding LLC is pleased to announce the closing of a $2,812,000 loan for the refinance of a 107 unit low rise/garden apartment complex located on a 5.80 acre site in Duluth Minnesota. The refinance allowed the borrower to pay off a higher rate maturing loan and obtain cash out for new investment purposes. The borrower received a 10 year fixed rate and a 30 year amortization. Select Commercial was able to offer the borrower a non-recourse loan, significant cash out, a lower rate, and a longer term.
If you would like to obtain financing for your commercial property, please call me directly at 516-596-8537. To review other deals that we have approved and closed, click here.
Some highlights of our programs:
No application or processing fees
24 hour pre-approvals with no-cost
Simple application process
Excellent rates and terms
For more information, please call me today or visit our website for more details: www.selectcommercial.com.