Select Commercial Funds $980,000 Industrial Building Loan

By: Select Commercial Funding
ELK GROVE VILLAGE, Ill. - Aug. 2, 2018 - PRLog -- Select Commercial Funding LLC is pleased to announce the closing of a $980,000 loan for the purchase of a one story, single tenant, 16,527 square foot industrial/warehouse building in Elk Grove Village, Illinois. The borrower, a New Jersey company, was looking to expand its operations and needed a warehouse distribution facility in the Chicago area. The borrower received an 80% LTV loan at a very attractive 7 year fixed rate and a 20 year amortization. The 80% loan allowed the borrower to conserve cash for their business expansion.

The borrower chose Select Commercial for their loan based on Select Commercial's knowledge of the market, their 30+ years of experience and their "A+" rating with the Better Business Bureau.  Stephen A. Sobin negotiated the loan on behalf of the borrowing entity.

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.

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Stephen Sobin
Source:Select Commercial Funding
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Tags:Industrial Building Loan, Commercial Real Estate Loan, Commercial Mortgage
Location:Elk Grove Village - Illinois - United States
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Page Updated Last on: Aug 02, 2018
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