RealWebFunds Secures $2,100,000 Investment Property Financing For Strip Retail Center
(ContentDesk) August 20, 2004 -- Christy Slye, a mortgage broker with RealWebFunds Commercial Mortgage, has announced that the firm recently closed $2,100,000 in commercial mortgage financing for the strip retail property most commonly known as the "Neil Building" in Palm Desert, CA. The building,
built in 1966, has been immaculately maintained and is home to many of the Valley's premier beauty salons and spa in the prime, upscale shopping district of Palm Desert.The 17,750 square foot plaza is leased by seven tenants. The landlord was looking for a fixed rate commercial mortgage with cash-out and a lower interest rate.Valley Independent Bank of Palm Desert, California was the lender. They provided a commercial mortgage with a 5 year fixed rate at 5.5%. The borrower has the opportunity to renew for an additional 5 years at the same spread over the five year constant maturity treasury.
The loan dollars increased after the property was valued by the appraiser which provided cash out to meet the borrower's needs.About RealWebFundsRealWebFunds, Inc. (http://www.realwebfunds.com) is a national commercial mortgage loan broker for real estate projects between
$500,000 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 (http://www.realcomm.com) recognized RealWebFunds with a Digie Award for being a leader and innovator in the Commercial Real Estate industry..
RealWebFunds Secures $3,350,000 Investment Property Financing For Strip Retail Center
(ContentDesk) August 15, 2005 -- Christy Slye, a mortgage broker with RealWebFunds Commercial Mortgage, has announced that the firm recently closed a $3,250,000 commercial mortgage financing for the Baywood Center strip retail property in Longwood, FL, a suburb of Orlando. The 38,250 s.f shopping center has been recently renovated to withstand the region's hurricanes. The plaza is 95% occupied with 20 tenants. The purpose of this commercial loan was to refinance into long term fixed rate financing with cash-out and a lower interest rate. The borrower who invests in commercial real estate and manages other commercial buildings chose to finance two investment properties with the same small balance conduit lender.A commercial conduit lender provided a commercial mortgage with a 10 year fixed rate at 5.27% with a 30-year amortization schedule.
The borrower chose to take advantage of the free early rate lock for this par priced, fixed cost loan. The loan closed within 51 days of application...
RealWebFunds Secures $3,350,000 Investment Property Financing For Strip Retail Center
Financing > RealWebFunds Secures $3,350,000 Investment Property Financing For Strip Retail Center
Financing a Business
Financing a business can often be perilous if not approached with caution. Although bad management is commonly given as the reason businesses fail, inadequate or ill-timed financing comes a very close second. Whether you're starting a business or expanding one, sufficient ready capital is essential. But it is not enough to simply have sufficient financing; knowledge and planning are required to manage it well. These qualities ensure that you will avoid common mistakes like securing the wrong type of financing, miscalculating the amount required, or underestimating the cost of borrowing money.
Before inquiring about financing, ask yourself the following: Are you sure that you need more capital?Can you better manage existing cash flow?How do you define your need?Do you need funding to expand?Do you need funding as a cushion against risk?How urgent is your need?How great are your risks?In what state of development is the business?For what purposes will the capital be used?What is...
Financing a Business
Financing > Financing a Business
ProFunders, of St. Peters, Missouri, Has Launched A New Website To Assist With Every Aspect Of Commercial Financing Needs
St. Peters, MO
(ContentDesk) December 3, 2005 --
According to Patti Porter, founder of ProFunders, "There is a tremendous need in the marketplace for sound, informative assistance in regards to Commercial Finance...ProFunders hopes to fill that void."Unlike residential lending which focuses on the borrower's credit, commercial lenders concentrate primarily on the physical real estate specifically, the income produced by the real estate. Therefore, proper development and prudent analysis of the property's operating statement and rent roll is paramount to understanding the likelihood of funding and preparing a professional loan package that demonstrates the financing issues of the property in order for a lender to provide a loan commitment. The key is the type of underwriting that is used.Unlike our competitors, we underwrite and originate our loans in-house using the Commercial Mortgage Securities Association's CMSA) Investor Reporting Package (IRB) and not the conventional...
Financing > ProFunders, of St. Peters, Missouri, Has Launched A New Website To Assist With Every Aspect Of Commercial Financing Needs
RealWebFunds Arranges $1,650,000 Commercial Mortgage Financing for Shadow Anchored Center
(ContentDesk) April 21, 2004 -- RealWebFunds (http://www.realwebfunds.com), a national commercial mortgage broker, has arranged a $1,650,000 commercial mortgage loan for the side shops at the Hollywood Park Market Place in Inglewood, CA. The two year old, 6500 sq. ft., retail center contains three shops. Payless Shoes, Quizno's Subs, and Verizon Wireless are the tenants. Column Financial, Inc.
provided the ten year fixed rate conduit financing.
The borrower used the financing to acquire the property as part of a 1031 exchange. About RealWebFundsRealWebFunds, Inc. is a national commercial mortgage broker and referral service. RealWebFunds is known for aggressively shopping commercial property financing requests to find the best rate and terms available.
By combining phone-based financing experts and Internet based technology, RealWebFunds provides a service that is unmatched in efficiency, speed, and thoroughness.
Financing > RealWebFunds Arranges $1,650,000 Commercial Mortgage Financing for Shadow Anchored Center
Finance North America Provides Mortgage Financing in Mexico
(ContentDesk) February 15, 2006 -- Americans and Canadians have been buying homes and condos in Mexico in record numbers, but reasonable home loans in Mexico have not been available to Americans and Canadians -- until now.Up until recently financing in Mexico for US citizens was not available with the traditional loan terms and conditions to which US borrowers were accustomed. Previously, North Americans purchasing homes and condos in Mexico were paying cash or exorbitant interest rates for short term loans.With the help of Finance North America, preferred financing options in Mexico are now available.
Finance North America (FNA) provides traditional financing to North Americans looking to purchase real estate in Mexico. FNA specializes in cross-border financing, and is the preferred lender for obtaining a home loan in Mexico. FNA has a proven track record managing a variety of successful lending transactions on Mexico property, and as the leader of this new financial product....
Financing > Finance North America Provides Mortgage Financing in Mexico
To Successfully Obtain Business Capital, Every Business Needs A Coach
Foothill Ranch, California (ContentDesk) March 16, 2006 -- BusinessFinance.com has developed an online Business Finance Coach. The Business Finance Coach (www.businessfinance.com/business-finance-coach.htm) guides small business owners or entrepreneurs through the very difficult task of finding the capital they need to start their business. A task at which most business owners fail because they have never been taught how to do it and therefore they have no clue where to begin. The Business Finance Coach (www.businessfinance.com/business-finance-coach.htm) instructs business owners in a step-by-step format on exactly what they must do to get their business ready to be approved for financing, how and why to build the business credit scores they need to get approved and then guides the business capital seeker to sources...
To Successfully Obtain Business Capital, Every Business Needs A Coach
Financing > To Successfully Obtain Business Capital, Every Business Needs A Coach
Financing
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