Spring, Texas (PressExposure) August 29, 2008 -- Commercial Finance Advisors is pleased to announce it recently closed a commercial second mortgage in Spring Texas. The building is a 2 story medical office with approximately 20,000 square feet and is 100% occupied by the borrower. The borrower, a doctor used the proceeds as the down stroke on another commercial property he is purchasing.
"What's significant about this transaction, besides it being second lien, is that we got it done in one of the worst credit crisis in decades" says Jeff Rauth president. Due to the crisis many banks are just not funding commercial mortgages and unfortunately many banks have a wait and see type attitude. At this point it seem we still have at least one year to wait while Wall Street figures out corrections.
Commercial Finance Advisors specializes in commercial real estate loans from $250,000- $5,000,000 for both business owners and investors. They offer unique programs such as commercial 30 year fixed, commercial second mortgages, equity lines, etc. Let Commercial Finance Advisors structure and close your next commercial mortgage refinance.