Sunday, May 28, 2006

400Bankers.com secured commercial financing for Bed & Breakfast Inn

Miami, FL --- 400Bankers.com has closed a $7 million Commercial mortgage loan on a 97 room Bed & Breakfast Inn in Miami area, FL. They were able to structure 100% commercial financing and working capital . The property has recently been refurbished and is performing well. 400Bankers.com found a lender that provided hotel loans and negotiated up to a 75% LTV and structured a CD secured loan for 20% down payment and working capital. The interest rate was 6% interest only at 10 year term. Kim Cohen, a 400Bankers.com loan advisor, was the originator for this transaction.

About 400Bankers.Com
400Bankers.com (http://www.400bankers.com) is a national and international commercial mortgage loan network for real estate projects between $200,000 and $10,000,000,000. 400Bankers.com has over four hundred lenders and private investors in it’s network. The network consists of Commercial loan experts who are unmatched in efficiency and financing terms.
International lender

100% Commercial Financing Secured for Apartment Complex in Boston, MA

Boston, MA ---May 27, 2006 -- Barbara Owen, a mortgage broker with 400Bankers.com network, has announced that she recently closed $12,800,000 in Commercial mortgage financing for the apartment complex in Boston, MA. The building, built in 1986, has been immaculately maintained and is home to many doctors of the General Hospital.

The 19,700 square foot building is leased by 17 tenants. The landlord, John Rogers, was looking for a fixed interest only rate commercial mortgage with 10 year term. He was able to get 100% commercial financing through 400Bankers.com network with the assistance of a CD secured loan.

The borrower has received a 6.5% interest only loan at a 10 year term with no prepayment penalty. The apartment complex was appraised below the purchase price but because of the CD secured loan he was able to get the property with less money down.

About 400Bankers.Com
400Bankers.com (http://www.400bankers.com ) is a national and international commercial mortgage loan network for real estate projects between $200,000 and $10,000,000,000. 400Bankers.com has over four hundred lenders and private investors in it’s network. The network consists of Commercial loan experts who are unmatched in efficiency and financing terms.
American Express