RealWebFunds Arranges $1,475,000 Commercial Mortgage Financing for Special Purpose, NNN-leased Commercial Property

RealWebFunds, an internet-based national commercial mortgage broker, announced that it has provided a $1.5 million special purpose property loan to a triple net investor. The loan was collateralized by a 15,634 square foot early learning center. The private national childcare operator had arranged a 15 year sale leaseback acquisition with our borrower who had 1031 exchange funds to accommodate.

(PRWEB) August 14, 2006 -- RealWebFunds, an internet-based national commercial mortgage broker, announced that it has provided a $1.5 million special purpose property loan to a triple net investor. The loan was collateralized by a 15,634 square foot early learning center. The private national childcare operator had arranged a 15 year sale leaseback acquisition with our borrower who had 1031 exchange funds to accommodate.

“NNN special purpose properties are usually difficult to finance.” said Christy Slye, Commercial Mortgage Specialist, RealWebFunds, Inc. “And, in this case our borrower requested a fully-leveraged, fixed-rate commercial loan with no prepayment penalty!”

The borrowers’ goals for acquisition financing were met with a five year fixed rate loan having no prepayment penalty. Given the circumstances of this transaction, the rate was extremely aggressive at 190 basis points (1.90%) over the 5 year treasury. The commercial mortgage will allow the borrower to hold this property for 0 to 5 years without suffering a prepayment penalty if he decides to 1031 exchange into another commercial real estate investment. This is a favorite loan product of RealWebFunds’ borrowers who desire a fixed rate when they are uncertain how long they will hold their real estate investment.

About RealWebFunds

RealWebFunds, Inc. (www.realwebfunds.com) is a national commercial mortgage loan broker for real estate projects between $1,000,000 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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