Select Commercial Funding LLC

Selectcommercial.com Funds $750,000 Commercial Mortgage Loan Located in San Jose, CA

Selectcommercial.com announced on Thursday, January 7th 2016, the closing of a $750,000 cash-out refinance of an apartment building located in San Jose, CA (Santa Clara County). The borrower received the loan with a 5yr Fixed Rate with 30 year term and amortization.

Selectcommercial.com Funds $4,500,000 Commercial Mortgage Loan Located in Chicago, IL

Selectcommercial.com announced on Thursday, November 5th 2015, the closing of a $4,500,000 cash-out refinance of a mixed use property that included 6 retail spaces, 18 apartment units and parking. The property is located in Chicago, IL (Cook County). The borrower received a 20-year loan term with the first 5 years at a fixed rate, followed by an option for 15 years at an adjustable rate. The loan has an amortization period of 30 years. The borrower was able to replace an existing high rate loan and obtain cash-out for consolidation and investment. The loan included an easy stepdown prepay penalty instead of the customary yield maintenance prepayment penalty. The loan was non-recourse to the borrower and did not require any escrows for taxes and insurance.

Selectcommercial.com Funds $1,116,000 Commercial Mortgage Loan Located in Oklahoma City, OK

Selectcommercial.com announced on Tuesday, June 30th 2015, the closing of a $1,116,000 purchase of an apartment building located in Oklahoma City, OK (Oklahoma County). The borrower received a 7 year ARM with a 25 year amortization. The loan to value was 75%.

Selectcommercial.com Funds $1,295,000 Office/Retail Loan Located in Ann Arbor, MI

Selectcommercial.com announced on Wednesday, June 10th 2015, the closing of a $1,295,000 Cash-out refinance of an office/retail building located in Ann Arbor, MI (Washtenaw County). The borrower received a 5 year fixed rate term and a 20 year amortization.

Selectcommercial.com Funds $800,000 Retail Loan Located in Southampton, New York

Selectcommercial.com announced on Wednesday, May 6th 2015, the closing of a $8000,000 refinance of an office/retail building located in Southampton, New York (Suffolk County). he borrower received a 10 year fixed rate term and a 25 year amortization.

Selectcommercial.com Funds $952,000 Investment Property Loan Located in New Smyrna Beach, FL

Selectcommercial.com announced on Friday, January 9th 2015, the closing of a $952,000 purchase of a 37 unit apartment property located in New Smyrna Beach, FL. The borrower purchased this property for an investment. He received a 5 year fixed rate loan with a 25 year amortization. It was acquisition financing.

Selectcommercial.com Funds $2,650,000 Commercial Mortgage Loan Located in Fort Wayne, IN

Selectcommercial.com announced on Thursday, November 13th, the closing of a $2,650,000 refinance of a 206 unit apartment property located in Fort Wayne, Indiana. The borrower refinanced his existing loan for a lower rate and obtained a new 15 year self-liquidating fixed rate mortgage.

Selectcommercial.com Funds $840,000 Commercial Mortgage Loan Located in Brooklyn, NY

Selectcommercial.com announced on Wednesday, July 16st, 2014 the closing of a $840,000 mixed use property located in Brooklyn, New York. The property consists of apartments and a retail space that the borrower will occupy for his dental office. The borrower received a 5 year fixed rate loan with a 30 year term and amortization.

Selectcommercial.com Funds $950,000 Commercial Mortgage Loan Located in Highland, IN

Selectcommercial.com announced on Wednesday, July 16th, the closing of a $950,000 refinance of a 29 unit apartment property located in Highland, Indiana. The borrower received a 10 year fixed rate loan with a 20 year term and amortization.

Selectcommercial.com Funds $3,116,000 Commercial Mortgage Loan Located in Bradenton, FL

Selectcommercial.com announced on Wednesday, May 21st, 2014 the refinancing of a $3,116,000, 84 unit apartment building located in Bradenton, Florida. The borrower received a 5 year fixed rate loan with a 10 year term and a 25 year amortization. This allowed the borrower to pay off a high rate loan and lock in a low fixed rate.