Select Commercial Funding, LLC Provides $1,250,000 Apartment Building Loan for 46th Street Apartments located in Queens, NY
Atlantic Beach, NY -- (ReleaseWire) -- 10/20/2010 -- Select Commercial Funding, LLC announced on Wednesday, August 16, 2010, that it originated a $1.25 million dollar loan for the purchase of 46th Street Apartments, a 20 unit apartment complex located at 48-20 46th Street, Queens, NY.
Stephen A. Sobin, president of Select Commercial Funding, LLC provided the California borrower with a 10 year fixed rate on a 65% loan-to-value mortgage. The loan also featured a 30 year amortization.
Select Commercial Funding, LLC specializes in apartment building loans in most of the country.
About Select Commercial Funding, LLC and President Stephen A. Sobin
Stephen A. Sobin, has over 25 years of mortgage banking experience. His understanding of the market, underwriting skills, and in-depth knowledge of lender’s requirements guarantee that our clients receive the very best terms available in the market.