Rogers Funds LLC secures $5,100,000 Investment Property Financing For Apartment Building at 100 per cent LTV
Released on = January 14, 2006, 10:28 am
Press Release Author = Sam Jackson
Industry = Real Estate
Press Release Summary = Kevin Roberts, a loan officer with Rogers Funds LLC Commercial Mortgage Lender, has announced that the firm recently closed $5,100,000 in commercial mortgage financing for a apartment property in Lowell, MA at 100% Loan to value.
Press Release Body = Jan 13, 2006 Las Vegas, NV--Kevin Roberts, a loan officer with Rogers Funds LLC (http://www.rogersfunds.com) Commercial Mortgage Lender, has announced that the firm recently closed $5,100,000 in commercial mortgage financing for a apartment property \"Maxwell Complex\" in Lowell, MA at 100% Loan to value. The building, built in 1986, was facing foreclosure and the owner of the building sold it 72% below market value.
The 15,750 square foot building is 92% leased by 14 tenants. The borrower was looking for interest only commercial mortgage loan with a low interest rate. Rogers Funds LLC provided a commercial mortgage loan with a 7% interest only rate at 5 year term with balloon payment. The borrower has the opportunity to refinance anytime because there was no prepayment penalty.
About Rogers Funds LLC Rogers Funds LLC (http://www.rogersfunds.com) is a national commercial mortgage loan lender for real estate properties between $300,000 to over $100,000,000+. Rogers Funds LLC is known for offering higher Loan to value ratios than traditional commercial lenders.
Web Site = http://www.rogersfunds.com
Contact Details = Sam Jackson Marketing Rogers Funds LLC 3960 Howard Hughes Parkway Suite 500 Las Vegas, Nevada 89109 801-217-5542