RealWebFunds Secures $5 Million Best Western Hotel Loan

RealWebFunds, Inc has closed a $5 million commercial mortgage loan on a 101 room Best Western hotel servicing LAX. The property has recently been refurbished and is performing well. RealWebFunds identified a conduit lender that provided hotel loans and negotiated up to a 70% maximum LTV.

RealWebFunds, Inc has closed a $5 million commercial mortgage loan on a 101 room Best Western hotel servicing LAX. The property has recently been refurbished and is performing well. RealWebFunds identified a conduit lender that provided hotel loans and negotiated up to a 70% maximum LTV. This refinance reduced the borrower's previous interest rate by over 3%, closing at 5.43% fixed interest rate for 10 years. The commercial loan paid off the existing lender and their prepayment penalty while also providing cash-out for future commercial real estate investments. Christy Slye, a RealWebFunds Commercial Mortgage Specialist was the originator for this transaction.

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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