Selectcommercial.com Provides funding for Apartment Building Loan for a $1,341,000 commercial property located at 4510 Arlen Street in El Paso, TX
Atlantic Beach, NY -- (ReleaseWire) -- 03/07/2012 --Selectcommercial.com announced on Tuesday, March 6th, 2012, that it originated a $1,341,000 loan for the refinance and construction of Arlen Oasis Apartments, a 60 unit Apartment Building located at 4510 Arlen Street, El Paso, TX.
Stephen A. Sobin, president of Selectcommercial.com provided the Texas borrower with a 10 Year Arm rate on a 75% loan-to-value mortgage. The loan also featured a 30 year amortization.
Selectcommercial.com specializes in Apartment Building loans nationwide.
About Selectcommercial.com 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.