Just Closed $2,011,230 Rate/Term Refi!!! Commercial Strip center
By Josh Cunningham
(Surterre Properties)
Just closed a Retail Strip Center refinance that only took 36 days!!! I was able to get my borrower a 6.875% rate for a 10yr fixedover 25 years with no balloon payment!! Even in this market there are still some good products out there, you just have to know where to look. This was one of those "easy" deals in that my borrower had an 825 FICO and an LTV of only 55% with great income and good cash flow. Even without this perfect scenario there are still great rates to be found for Full-Doc borrowers and even stated income borrowers that don't have a risky property. Contact me if you have something you need done, I'll let you know right away what I can do to help! Take care, Josh Cunningham Foothill Lending Commercial Lending Manager (909) 227-6644
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