RealWebFunds Secures Commercial Mortgage Financing For Assisted Living Facility in Seminole, Florida
Seminole, FL (ContentDesk) August 20, 2004 -- Christy Slye, a mortgage broker with RealWebFunds Commercial Mortgage, has announced that the firm recently closed $1,950,000 in acquisition financing
for Casa Celeste, a 100 unit Assisted Living Facility in Seminole, Florida.The current management of this campus-like facility had an option to purchase the property. They needed to find a commercial mortgage lender that could accommodate a limited, yet successful operating history under their management and foresee the value-add potential of the property. Choosing the correct commercial lender enabled the borrower to get long-term debt financing rather than more expensive bridge financing.First National Bank of Florida funded the assisted living facility loan. This commercial mortgage lender provided a 10 year variable rate loan with a 6% starting interest rate adjusting every 3 years. The loan has 15 year amortization schedule with no prepayment penalty.
About RealWebFundsRealWebFunds, Inc. (www.realwebfunds.com) is a national commercial mortgage loan broker for real estate projects between
$500,000 and $20,000,000. 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..
Accounts Receivable Financing
Accounts Receivable Financing and Accounts Receivable Factoring are two terms that are interchangeably used, but there is a major difference between them. Although both refer to the concept of extending cash to an owner of a business in lieu of invoices and other Accounts Receivable, there are differences, no matter how subtle.
First of all, Accounts Receivable Financing is a loan in which the invoices are used as collateral. But this not the case with Accounts Receivable Factoring. Accounts Receivable Factoring is not a loan. It involves the selling of the invoices to the financing company at a rate less than the face value of the invoices.
The financing companies then collect the money at the full face value from the clients. This means the business no longer has the responsibility of collecting the money.
But this is not the case in Accounts Receivable Financing. The process of Financing involves the extension of an advance on the percentage of each...
Financing > Accounts Receivable Financing
Litigation Financing Companies
A person involved in litigation of any kind, say a malpractice or an accident, is rarely a lawyer. He or she does not have the least idea as to ?how to go about the situation and recover the losses'. To top it all, often, their savings will not suffice in any way to fight the case.
Hence, they seek the help of an expert attorney. The hired attorney is one who is an experienced expert in the kind of case the person is involved in.
For instance, if it is a case of dental malpractice, the client approaches an attorney specializing in the same field. Once the attorney prepares the case and files, he or she negotiates with a suitable Litigation Financing Company.
Litigation Financing Companies are known to offer litigation loans or take care of the expenses of needy clients to fight the case. Though called litigation loans, they are in fact an advance or an investment that is free from monthly payments. The companies do not give loans or pre-settlement advances...
Financing > Litigation Financing Companies