| Released by: Jen Peterson/400Bankers.com |
| Web Site: http://www.400bankers.com |
100% commercial financing structured for Bed & Breakfast in Miami area, FL by 400Bankers.com
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Email: news400bankers@yahoo.com |
| Keywords: 100% commercial financing |
| Update Date: 5/28/2006 8:34:47 AM |
| Hits: 657 |
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Descrption:
400Bankers.com has closed a $7 million commercial mortgage loan on a 97 room Bed & Breakfast Inn in Miami area, FL. They were able to structure 100% commercial financing and working capital.The property has recently been refurbished and is performing well. 400Bankers.com found a lender that provided hotel loans and negotiated up to a 75% LTV and structured a CD secured loan for 20% down payment and working capital. The interest rate was 6% interest only at 10 year term. Kim Cohen, a 400Bankers.com loan advisor, was the originator for this transaction.
About 400Bankers.Com
400Bankers.com (http://www.400bankers.com ) is a national and international commercial mortgage loan bankers network for real estate projects between $200,000 and $10,000,000,000. 400Bankers.com has over four hundred lenders and private investors in it’s network. The network consists of <a href="http://www.400bankers.com">Commercial loan</a> experts who are unmatched in efficiency and financing terms. |
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