RealWebFunds Arranges $1,750,000 Commercial Mortgage Financing for Shadow Anchored Retail Center
(ContentDesk) October 7, 2005 -- RealWebFunds, a national commercial mortgage broker, has arranged a $1,750,000 commercial mortgage loan for the center known as Newcastle Plaza in Newcastle, OK (near Oklahoma City). The newly constructed and stabilized, 15,300 sq. ft., retail center contains eight shops that are shadowed by a Wal-Mart. The shops are leased by national, regional, and local tenants. The commercial loan was used to refinance the property, taking-out the construction loan that had been assumed at the time of acquisition at the end of 2004.
The ten year fixed rate conduit financing was provided by a conduit's small balance program at a rate of 5.5% with fixed closing costs. RealWebFunds shopped this deal to many commercial lenders; the competitive environment created by multiple quotes assured the borrower that he found the best commercial mortgage rates and terms available in the market today.About RealWebFundsRealWebFunds, Inc. (www.realwebfunds.com) is a national commercial mortgage loan broker for real estate projects between $500,000 and $20,000,000. RealWebFunds is known for encouraging competition among commercial mortgage lenders to find the best commercial real estate financing available. Our commercial loan experts and Internet based commercial financing tools result in a service that is unmatched in efficiency, speed, and financing terms.
In 2003, RealComm (http://www.realcomm.com) recognized RealWebFunds with a Digie Award for being a leader and innovator in the Commercial Real Estate industry.For More Information Contact:Christy Slye888-314-3625 x117.
How easy is it to get a Commercial Mortgage in the UK?
As is the case when applying for any mortgage, be it a residential or acommercial mortgage, the better your credit and the better the collateral, theeasier the process becomes. But that doesn't mean that if your credit is lessthan perfect, or you want to purchase commercial property in a less thendesirable part of the city, that you are automatically locked out of gettingthe money you need. It just means that you need a "friend" in the business.When you are applying for a commercial mortgage your potential lender willconsider your credit rating, your business' balance sheet, the purpose of theloan, and the type and location of the proposed property as well as thatproperty's appraised value. If every one of these items do not fall within thelender's acceptable guidelines then you may get a "no thank you" instead of apile of money. Considering the amount of paperwork that you may have tocomplete in order to get a decision, be it a positive or negative one, you wantto make sure that you...
How easy is it to get a Commercial Mortgage in the UK?
Mortgage calculator > How easy is it to get a Commercial Mortgage in the UK?
Fair Isaac Corporation Credit Or FICO Score
As I am not from the US, I had no idea what FICO meant before researching it. FICO stands for Fair Isaac Corporation, a company based in California. FICO, put simply, is a person's credit score. A credit score can be used by a potential lender in making a judgement on whether to grant you credit or not, for example when you apply for a new credit card or home mortgage. Therefore, if you are in the US, the FICO score is very important to you.
What Does a FICO Score Do?A FICO score places a value on the types of credit accounts you hold or have held, and your credit history in maintaining those accounts. The FICO score scale ranges from 300 to 850, with the majority of people in the United States in the 600 - 850 range.Factors Which Affect Your FICO Credit ScoreThere are 5 factors in all which determine your FICO credit score:1. Your payment history.This counts for a very significant 35%--the most of the FICO score factors. As you would expect, paying your bills on time is gets...
Fair Isaac Corporation Credit Or FICO Score
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Car Title Loan Company
Car title loan companies are those that lend you money in exchange to the title of your car. You are required to hand over your car title along with a set of keys as collateral. Car title loans are the short-term loans that have a loan term of 30 days. Auto title loan companies lend title loans for cars, trucks, motorcycles, boats, RVs and other vehicles. The best thing about these loans is that you can take the money and still have your vehicle in your possession.
There are a large...
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Saving Teen Lives on the Road
The National Highway and Traffic Safety estimates that of the 26 million 15 - 20 year olds, 7500 of them will be involved in "fatal" car accidents. Of the reasons cited are inexperience, risk taking behavior and immaturity. All of these lead to a greater exposure for car accidents.The fact is, automobile accidents are a serious problem for teenagers. Safety experts are trying to change that by educating teens about the choices...
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Mortgage calculator > Saving Teen Lives on the Road