Stursberg & Fine Secures $12,800,000 Loan Project

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In the face of an ever-tightening market, Stursberg & Fine closes a $12,800,000 transaction on a 10 year fixed term, 4 years I.O for an office building on the West Coast.

Despite the "frenzy" and deepening woes of investors, depicted by a broad spectrum of industry experts, Stursberg & Fine secured a fixed rate 10 year loan on a 54,000 sq. ft. office building located on the West Coast for $12,800,000. Specifically, it was non-recourse, 10 year fixed rate with 4 years I.O. (interest only) at 6.39%, 30 year amortization, no reserves. "There simply are very few options available for our clients", stated Henry Stursberg, President of Stursberg & Fine.

Providing this facility in a marketplace that is beyond the limits of being "tight" and unscrupulously vigilant in underwriting and pricing, our success for over 12 years is largely due to the depth of our proven track record and the exceptional relationships we maintain with our AAA rated Wall Street institutional investment banks and trading partners.

By meeting and exceeding our client's high expectations and upholding our impeccable reputation with institutional investors, Stursberg & Fine, continues to demonstrate unprecedented success securitizing loans in the CMBS capital market place. The firm's latest success confirms that amidst the chaos in the CMBS market, Stursberg & Fine continues to expand its client base, fostering a culture of excellence in commercial real estate lending throughout the US.

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Henry J. Stursberg
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