Miami Beach, FL (PRWEB) December 25, 2011
The Sterling Fund opened today offering an important new source of commercial building financing. Uniquely, Sterling offers short- and long-term loans at a fixed rate for less-than-perfect credit, with minimal paperwork and commercial building refinancing in as little as 18 days with The Sterling Fund.
Small businesses frustrated by conventional or SBA loan delays can now obtain financing on reasonable terms. In some cases, owners can save their building from foreclosure when banks refuse to extend or refinance a credit line. Sterling rushes through paperwork and documentation for building rehab, to refinance a balloon payment, for a partner buyout, or as bridge loan financing.
“Commercial hard money loans are just less painful for refinancing a building right now,” says Sterling Fund CFO, Adam Koplowitz. He says “Private money is the new Conventional Commercial Real Estate Loan.”
There are several reasons for the growth of The Sterling Fund. “Sterling commercial loans are for business mortgages from $75,000 up to $500,000 with as little as 21 days closing. They’re great for apartment and mixed use properties when a partner buyout or repair is needed right away,” says Sterling President, Frank Pournelle. “Higher LTV financing and long term fixed rates top the list. The other major benefit is that Sterling loans remain reliable in closing quickly”.
Between 2008 and 2011 a restriction of commercial financing by banks created a credit crisis for small business. The value of quick commercial financing cannot be overstated. Many loan programs for “B” and “C” grade commercial property refinancing have been curtailed as property values declined. Further, bank quoted transactions may not be completed or significantly dealyed. Sterling targets small business building owners with their specialized commercial mortgage programs.
ABOUT THE STERLING FUND
The Sterling Fund Inc. is a leading commercial real estate financing firm with offices in Miami Beach, Fl and Dallas, TX. They are consistently ranked among the top commercial loan providers nationally. Sterling specializes in 21 day funding for properties such as: apartments, motels, office, industrial, mini-storage, retail, mixed-use and hotels. Private investors provide easier qualifications for a fast building refinance. A commercial mortgage loan quote can be obtained in minutes from The Sterling Fund at http://www.BuildingRefinance.com or by calling 1-800-578-4884.
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