RealWebFunds Secures $3,350,000 Investment Property Financing For Strip Retail Center

Christy Slye, a mortgage broker with RealWebFunds Commercial Mortgage, has announced that the firm recently closed a $3,250,000 commercial mortgage financing for the Baywood Center strip retail property in Longwood, FL, a suburb of Orlando. The 38,250 s.f shopping center has been recently renovated to withstand the region's hurricanes. The plaza is 95% occupied with 20 tenants. The purpose of this commercial loan was to refinance into long term fixed rate financing with cash-out and a lower interest rate. The borrower who invests in commercial real estate and manages other commercial buildings chose to finance two investment properties with the same small balance conduit lender.

(PRWEB) August 15, 2005 -- Christy Slye, a mortgage broker with RealWebFunds Commercial Mortgage, has announced that the firm recently closed a $3,250,000 commercial mortgage financing for the Baywood Center strip retail property in Longwood, FL, a suburb of Orlando. The 38,250 s.f shopping center has been recently renovated to withstand the region's hurricanes. The plaza is 95% occupied with 20 tenants. The purpose of this commercial loan was to refinance into long term fixed rate financing with cash-out and a lower interest rate. The borrower who invests in commercial real estate and manages other commercial buildings chose to finance two investment properties with the same small balance conduit lender.

A commercial conduit lender provided a commercial mortgage with a 10 year fixed rate at 5.27% with a 30-year amortization schedule. The borrower chose to take advantage of the free early rate lock for this par priced, fixed cost loan. The loan closed within 51 days of application with the commercial lender.

About RealWebFunds

RealWebFunds, Inc. (www.realwebfunds.com) is a national commercial mortgage loan broker for real estate projects between $500,000 and $20,000,000. RealWebFunds is known for encouraging competition among commercial mortgage lenders to find the best commercial real estate financing available. Our commercial loan experts and Internet based commercial financing tools result in a service that is unmatched in efficiency, speed, and financing terms. In 2003, RealComm (http://www.realcomm.com) recognized RealWebFunds with a Digie Award for being a leader and innovator in the Commercial Real Estate industry.

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