RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
(ContentDesk) June 23, 2004 -- Christy Slye, Mortgage Broker with RealWebFunds, Inc., has announced that the firm recently closed $1,850,000 in restaurant financing debt for the Souplantation restaurant building in Temecula, California.The 8,562 square foot restaurant built in 2000 at the Promenade Mall is leased by Garden Fresh Restaurant Corp. DBA Souplantation. This non-credit tenant is currently in the third year of a 20 year NNN lease. The landlord was looking for a lower fixed rate, non-recourse, commercial mortgage with cash-out. The restaurant loan was funded by Valley Independent Bank of Palm Desert, California with a 5 year fixed rate at 5.5% with the opportunity to renew for an additional 5 years at the same spread over the five year constant maturity treasury.
The loan was made non recourse with cash out to meet the borrower's needs.About RealWebFunds:RealWebFunds, Inc. (www.realwebfunds.com) is a national commercial mortgage loan broker for real estate projects over $500,000. 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 Slyee-mail protected from spam bots888-314-3625 x117.
RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
(ContentDesk) June 23, 2004 -- Christy Slye, Mortgage Broker with RealWebFunds, Inc., has announced that the firm recently closed $1,850,000 in restaurant financing debt for the Souplantation restaurant building in Temecula, California.The 8,562 square foot restaurant built in 2000 at the Promenade Mall is leased by Garden Fresh Restaurant Corp. DBA Souplantation. This non-credit tenant is currently in the third year of a 20 year NNN lease. The landlord was looking for a lower fixed rate, non-recourse, commercial mortgage with cash-out. The restaurant loan was funded by Valley Independent Bank of Palm Desert, California with a 5 year fixed rate at 5.5% with the opportunity to renew for an additional 5 years at the same spread over the five year constant maturity treasury.
The loan was made non recourse with cash out to meet the borrower's needs.About RealWebFunds:RealWebFunds, Inc. (www.realwebfunds.com) is...
RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
Financing > RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
Commercial Truck Financing Company Launches Online Applications for International? Truck Financing
(ContentDesk) August 11, 2005 -- Commercial Truck Financing, a commercial vehicle leasing firm specializing in International? truck financing for local trucking, has added an online lease application to their website. The online applications can be used for any one of the four leasing programs offered by Commercial Truck Financing. Each leasing program also comes with two purchase options."There are several reasons why leasing is a good idea," said Dario Frank, Business Development Consultant at Commercial Truck Financing. "For instance, your working capital cash can be used for financing inventory, receivables, and other business uses, and because your equipment serves as the only collateral for...
Commercial Truck Financing Company Launches Online Applications for International? Truck Financing
Financing > Commercial Truck Financing Company Launches Online Applications for International? Truck Financing