Stursberg & Fine Finalizes $5,400,000 Loan Transaction

Stursberg & Fine completes complex transaction involving a flagged hotel undergoing a major renovation/expansion, never before done in a CMBS loan.

Philadelphia, PA (PRWEB) July 30, 2007 -- Yesterday, Stursberg & Fine finalized a $5,400,000 fixed rate structured loan transaction.

Under the leadership of Henry Stursberg, President of Stursberg & Fine, in one of the most difficult commercial real estate financing environments ever (due to the market crash from the Sub Prime Residential Mortgages- completely unrelated to commercial transactions, which some say is worse than the capital market crash in 1998), Stursberg and Fine funded a permanent fixed rate $5,400,000 hotel loan in the Mid-Atlantic market with a 30 year amortization at a 140 basis point spread over the 10 year Treasury or 6.23%. This complex transaction involved a flagged hotel undergoing a major renovation/expansion, never before done in a CMBS loan. What was so unique about the competitive terms was the ability to start new construction on an existing Hotel utilizing fixed rate long term low interest rate financing.

Henry Stursberg stated, "….we have not seen a hotel funded without major restrictive loan covenants allowing the Borrower to start major construction on an existing facility under CMBS underwriting guidelines".

Mr. Stursberg also stated, "Although the market is becoming increasingly more conservative on pricing, interest rates, conditions, we were able to hold the spread for our client guaranteeing maximum cash flow with a low interest rate. The low fixed rate ensures small monthly payments enabling our client to effectively manage their debt and in return generate greater profit. As a result, we were able to provide the structure for our client to fully capitalize on both their short and long term goals".

About Stursberg & Fine
Stursberg & Fine is a privately held investment banking firm specializing in serving commercial real estate and business loan facilities. We are a direct lender with a unique specialization and excellent reputation in the CMBS market. The firm also, on a selective basis, underwrites and originates private equity and venture capital transactions for new and emerging companies. For more information about Stursberg & Fine, please visit us online at www.stursbergfine.com

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