Atlantic Beach, NY (PRWEB) September 10, 2014
Select Commercial Funding LLC announced on Monday, September 8th, 2014 the closing of 3 commercial mortgage loans.
The first loan of $780,500 was used to purchase a retail strip center in Plantation, Florida (Broward County). The borrower received a 10 year loan term and a 25 year amortization.
The second loan of $800,000 was used to refinance an office/retail building in Southampton, New York (Suffolk County). The borrower received a 10 year fixed rate term and a 25 year amortization.
The third loan of $750,000 was used for a cash-out refinance of an apartment building located in Brooklyn, New York (Kings County). The borrower received a seven year adjustable-rate with a 30 year amortization.
All three borrowers received excellent rates and terms that were not available at their local banks. The borrowers chose Select Commercial for their loans due to Select Commercial’s simplified application process and quick closings.
Stephen A. Sobin, President of Select Commercial Funding LLC provided the New York and Florida based borrowers with the loans.
About Select Commercial Funding LLC and President Stephen A. Sobin
Stephen A. Sobin has over 25 years of mortgage banking experience. His understanding of the market, underwriting skills, and in-depth knowledge of lender’s requirements guarantee that his clients receive the very best rates and terms available in the market. Select Commercial Funding specializes in Apartment Building Loans and Commercial Mortgage Loans nationwide.