Philadelphia, PA (PRWEB) October 11, 2007
Henry Stursberg, President of Stursberg & Fine, amidst the chaos, turmoil, and weakening commercial real estate financing environment, announced the successful funding of a $12.8 million non-recourse loan for a remarkable 55,000 square foot single tenant office building in Washington state. The loan was conditioned under a ten year fixed rate of 6.20%, 30 year amortization, and cash out over $4 million.
After closing the borrower stated, "Henry Stursberg and his colleagues were extremely professional throughout the entire transaction. They were very helpful and made the process as simple and straightforward as possible."
With this completed deal, the borrower was able to expand their commercial real estate asset base significantly.
By exceeding their client's high expectations and upholding their impeccable reputation with retail investors, Stursberg & Fine, continues to demonstrate outstanding success securitizing loans in the CMBS capital market place. Stursberg & Fine is leading the way to more efficient commercial real estate lending throughout the United States.
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 impeccable 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 call 1-800-741-3314 or visit online at http://www.stursbergfine.com