$4.2 Million Commercial Mortgage Financing for Medical Office Buildings Arranged by RealWebFunds Commercial Mortgage
RealWebFunds Commercial Mortgage, an internet-based national commercial mortgage broker, announced today that it has provided a $4.2 Million loan for two medical office buildings in the Tulsa, OK area. The loan was collateralized by approximately 42,000 square feet of surgery center. The loan was guaranteed by a single owner-user.
“RealWebFunds was able to secure a fixed rate commercial mortgage on an owner-occupied property with a rate below 7%.” said Christy Slye, Commercial Mortgage Specialist, RealWebFunds, Inc. “This loan will help the owner maximize cash flow by consolidating the previous mortgages with a lower rate. Fixed rate loans are uncommon for business owners that own their own commercial real estate. This financing is an alternative to SBA guaranteed financing which is typically based on the PRIME interest rate, currently approaching 9%. The new commercial mortgage has the added benefit of no prepayment penalty or lock-out period. This provides flexibility the borrower may need should his business goals change.”
Alamo, CA (PRWEB) October 19, 2006 -- RealWebFunds Commercial Mortgage, an internet-based national commercial mortgage broker, announced today that it has provided a $4.2 Million loan for two medical office buildings in the Tulsa, OK area. The loan was collateralized by approximately 42,000 square feet of surgery center. The loan was guaranteed by a single owner-user.
“RealWebFunds was able to secure a fixed rate commercial mortgage on an owner-occupied property with a rate below 7%.” said Christy Slye, a Commercial Mortgage Broker for RealWebFunds. “This loan will help the owner maximize cash flow by consolidating the previous mortgages with a lower rate. Fixed rate commercial loans are uncommon for business owners that own their own commercial real estate. This financing is an alternative to SBA guaranteed financing which is typically based on the prime interest rate, currently approaching 9%. The new commercial mortgage has the added benefit of no prepayment penalty or lock-out period. This provides flexibility the borrower may need should his business goals change.”
About RealWebFunds
RealWebFunds Commercial Mortgage is a national commercial mortgage loan broker for real estate projects between $1,000,000 and $20,000,000. RealWebFunds is known for encouraging competition among commercial mortgage lenders to find the best commercial real estate financing available. Our commercial loan experts and Internet based commercial financing tools result in a service that is unmatched in efficiency, speed, and financing terms. In 2003, RealComm recognized RealWebFunds with a Digie Award for being a leader and innovator in the Commercial Real Estate industry.
To learn more about commercial loans from RealWebFunds please visit www.realwebfunds.com or call 1-800-930-2394.
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