$5,600,000 Office Building Mortgage was arranged by American Mortgage and Real Estate Group for an Office Building

American Mortgage and Real Estate Group announced the closing of a $5,600,000 loan on the Office Building Los Angeles, CA. The loan is a 6.5 year fixed rate loan that is matched to the remaining term of the lease. The lender was California Credit Union. The property is a single story building with approx. 100,000 gross s.f. of warehouse space and approx. 26,000 gross s.f. of office space which is 100% leased to the United States of America.

Los Angeles, CA (PRWEB) August 13, 2006 -- American Mortgage and Real Estate Group announced the closing of a $5,600,000 loan on the Office Building Los Angeles, CA. The loan is a 6.5 year fixed rate loan that is matched to the remaining term of the lease. The lender was California Credit Union.

The property is a single story building with approx. 100,000 gross s.f. of warehouse space and approx. 26,000 gross s.f. of office space which is 100% leased to the United States of America.

About American Mortgage and Real Estate Group
American Mortgage and Real Estate Group is a national discount commercial mortgage and equity broker.

American Mortgage and Real Estate Group is known for aggressively shopping loan requests to find the best rate and terms available. By combining phone-based financing experts and Internet based technology, American Mortgage and Real Estate Group provides a service that is unmatched in efficiency, speed, and thoroughness. To date, American Mortgage and Real Estate Group has closed over $375,000,000 in loans and equity financing. Because American Mortgage and Real Estate Group fees are approximately half a traditional broker’s fees, borrowers have saved over $3,300,000 in fees.

For More Information Contact:
Vladimir Rozumniy
Sr. Vice President/Managing Director
Tel: 323-428-5944

###