Select Commercial Funds $1,312,000 Marina

By: Select Commercial Funding
 
 
Commercial Real Estate Loan
Commercial Real Estate Loan
 
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Tags:
Marina Loan
Commercial Mortgage
Commercial Real Estate Loan

Industry:
Mortgage

Location:
Greenwood Lake - New York - US

GREENWOOD LAKE, N.Y. - Aug. 2, 2018 - PRLog -- Select Commercial is pleased to announce the approval of a $1,312,000 loan for the purchase of a marina/lakefront restaurant/country inn located in scenic Greenwood Lake, New York (Orange County). The multi-use property contains motel rooms, lakefront restaurant and bar, and boat rental dock.

The borrower obtained 90% financing, and a 25 year term, through Select Commercial's SBA department. Our SBA division finances all types of owner-occupied single and special use properties, including: motels, gas stations, restaurants, bowling alleys, theaters, auto repair, auto dealerships, and many other retail business locations.

About Select Commercial Funding LLC
Select Commercial specializes in apartment building loans, commercial mortgage loans, and business real estate loans nationwide.

About President Stephen A. Sobin
Stephen Sobin formed Select Commercial Funding LLC to offer commercial mortgage banking and real estate capital advisory services on a national basis.  His goal was to become an advocate for his clients and to help them navigate the constant changes facing the banking industry and to assist them by providing access to commercial real estate funds despite the constant challenges facing the capital markets.  The company was founded on the belief that many small to medium sized property and business owners lacked the expertise and capital sources to obtain the best financing options in the $750,000 to $10,000,000 range.  While large real estate companies often have in-house finance professionals, most small to medium sized borrowers do not have the same access to professional advice and sources of funds.  Mr. Sobin focuses on providing those services to this segment of the market.

Please visit http://selectcommercial.com for more information.

Contact
Stephen Sobin
***@selectcommercial.com
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