Selectcommercial.com Funds $1,050,000 Commercial Mortgage Loan Located in Brooklyn, NY.
Atlantic Beach, NY -- (SBWIRE) -- 03/11/2016 -- Select Commercial Funding LLC is pleased to announce the closing of a $1,050,000 cash out refinance of a commercial mortgage loan to allow one partner to buyout the other partner. The property is located in Brooklyn, New York. The borrower received a 10 year fixed rate with a 25 year term and amortization. The loan had a low pre-payment penalty.
The borrower received an excellent rate and term. The borrower chose Select Commercial for their loan due to Select Commercial's simplified application process and quick closings.
Stephen A. Sobin, president of Selectcommercial.com provided the California borrower with the loan.
About Select Commercial Funding LLC
Selectcommercial.com specializes in Apartment Building loans and commercial mortgage loans nationwide.
About 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 our clients receive the very best terms available in the market.