Funds $1,250,000 Commercial Mortgage Loan Located in New York NY Funds $1,250,000 Office Property Loan Located in New York NY
NEW YORK - Jan. 11, 2017 - PRLog -- Select Commercial Funding LLC is pleased to announce the closing of a $1,250,000 loan on a suburban office property containing 19 tenants located in Cortlandt Manor (northern Westchester County) New York. The borrower received a 25-year loan with an initial 5-year fixed rate of 3.875%. The loan automatically renews every 5 years and does not have a balloon payment. 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 provided the New York borrower with the loan.

About Select Commercial Funding LLC specializes in Apartment Building loans and commercial mortgage loans nationwide.

About President Stephen A. Sobin
Stephen A. Sobin is the President and Founder of Select Commercial Funding LLC.  Mr. Sobin has over 30 years' experience in commercial and residential mortgage lending.  In 1981, he founded State-Wide Capital Corp., one of the leading home equity loan providers in the country.  The company was well known through its extensive television, radio and newspaper advertisements promoting its 1-800-DIAL-CASH phone number.  In 1995, Mr. Sobin sold State-Wide Capital to Superior Bank FSB, a federal savings bank headquartered in Illinois.  Mr. Sobin remained with Superior until 1997 as the President of a mortgage lending division of the bank.

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Select Commercial Funding LLC
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