Commercial Finance Advisors Closes $865,000 Daycare/Child Care Refinance
Commercial Finance Advisors, Inc. closes a $865,000 daycare/child care facility, commercial mortgage refinance. The daycare is located in Clinton Township, Michigan. Loan program was a commercial 30 year fixed. Property was built in two stages; 2000 and 2004, and consist of approximately 9,000 sq ft.
Birmingham, MI (PRWEB) March 5, 2008 -- Commercial Finance Advisors, Inc. closes a $865,000 daycare/child care facility, commercial mortgage refinance. The daycare is located in Clinton Township, Michigan. Loan program was a commercial 30 year fixed. Property was built in two stages; 2000 and 2004, and consist of approximately 9,000 sq ft.
The long term fixed rate financing replaced three separate bank loans that where tied to the original construction/addition. The three loans where amortized over 20 years with various fixed periods. Cash flow saving are over 20% compared to the borrowers previous loan. Interest rate was in the 6%'s.
The owner commented that they liked not having to worry about refinancing the loan in the future and the cash flow savings was an added benefit.
Jeff Rauth 248 885-8797 is President of Commercial Finance Advisors, Inc out of Birmingham, Michigan. He specializes in Commercial Mortgages between $400,000 - $5,000,000. CFA, offers unique loan programs such as Commercial Second Mortgages, Commercial 30 Year Fixed and 90% non SBA financing, ect. 248 885-8797 or at Commercial Mortgage Refinance or Commercial Cash Out Refinance
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