Griffin Capital Funding Announces Rate Reduction on Multiuse Commercial Properties
Fredericksburg, VA (PRWEB) September 22, 2014 -- Griffin Capital Funding, is excited to announce lower rates to those seeking funding for multi-use properties. More flexible underwriting guidelines are also available for owner -occupied commercial properties.
Griffin Capital Funding focuses a significant portion of their business on church loans, but they also have a division that focuses on other types of commercial properties. Griffin Capital Funding is aggressively targeting multi-use commercial properties and has recently reduced their rates by 50 basis points on these properties. Griffin Capital Funding is offering up to 65% LTV under a conventional program and 90% LTV on SBA 504 loans which are specific to multi -use property types. Another key to the packages being so attractive is that there are no balloon payments and no deposit relationship required.
Griffin Capital Funding lends on most of the typical commercial property types, such as restaurants, office buildings, day care centers, medical centers, condos with other commercial businesses, retail, assisted living, manufacturing, etc. Properties that do not qualify for this campaign include gas stations, apartment buildings, raw land fitness centers, golf courses, startups and SRO Properties. Griffin Capital Funding is unable to fund owner-user projects in AL, FL, IN, LA, MA, ME, MI, MS, NJ, Northern OH and OK.
For brokers who work with Griffin Capital Funding on the commercial side, there is now a wholesale platform where mortgage brokers can earn YSP. Positive outcomes for other professionals in the commercial mortgage business have also developed because of the newly beneficial loan programs.
When Mike Brewer, a founding member of Griffin Capital Funding, was asked about the new loan options he replied, “The market is always changing, and this time the changes are positive. The economy is recovering, but interestingly enough, interest rates are remaining lower than many had thought they would for this year. We are excited to pass these benefits along to our customers.” Those interested in learning more about Griffin Capital Funding’s retail and wholesale lending platform can visit http://www.ysploans.com or call Mike Brewer at 540-736-7347.
About Griffin Capital Funding
Griffin Capital Funding has been serving churches for 15 years by providing church loans for the refinance, construction, renovation and purchase of almost any church building (churchloans.net). On average, Griffin provides over $100,000,000 a year in loans to churches. Griffin Capital Funding is one of the most well-known and respected church financing companies in the country. Griffin Capital Funding also offers loans to for profit businesses through the SBA 7A and 504 loan programs as well as offering hard money loans. Program information for their hard money program can be found at http://statedcommercialloans.com.
Brad Caricofe, Advanced Web, LLC, http://advancedwebllc.com, +1 (843) 216-0442, [email protected]
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