Funds $1,200,000 Commercial Mortgage Loan Located in Keizer, Oregon Funds $1,200,000 Apartment Building Loan Located in Keizer, Oregon
NEW YORK - Jan. 11, 2017 - PRLog -- Select Commercial Funding LLC is pleased to announce the closing of a $1,200,000 loan to facilitate the purchase of a 12-unit apartment building located in Keizer, Oregon. The borrower received a 10-year fixed rate of 3.875%. After 10 years, the rate is subject to adjustment. The borrower received a 30-year term and 30-year amortization with no balloon payments. The loan closed in 35 days from formal application.

Stephen A. Sobin, president provided the Oregon 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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