RealWebFunds Commercial Mortgage Brokers $3.65M Loan While Borrower Travels the World
San Ramon, CA/September 4, 2002 --- RealWebFunds, Inc, a discount national commercial mortgage and equity broker, today announced the company has brokered a $3.65 million fixed rate long term mortgage for Greenway Hayden Loop a 43,550 s.f. light industrial building in Scottsdale, AZ. The loan was placed with American Equity Investment Life Insurance Company.
RealWebFunds’ President, Tom Dewar, said, "This transaction demonstrated one strength of using our on-line system. The borrower was overseas for much of the lender competition and closing process. He was able to access up-to-date information on lender quotes and the status of the closing process through the RealWebFunds secured web site. He was actively involved in the transaction even though he was thousands of miles away."
The borrower, James Blair of Renco Properties, said, "It was convenient to work back and forth on the web. I was able to get to key documents and comparisons of quotes, even across the world. My deal had exposure to a lot more lenders than we traditionally would have had. This wider exposure helped me really understand what was available in the market and helped me choose the best deal for me. This loan was about as painless as I could imagine."
RealWebFunds, Inc. is a national discount commercial mortgage and equity broker. RealWebFunds is known in the industry for aggressively shopping loan requests to find the best rate and terms available. By combining financing expertise and state of the art technology, RealWebFunds provides a service that is unmatched in efficiency and effectiveness. Since its inception, RealWebFunds has closed over $287,000,000 in loans and equity financing. Because RealWebFunds fees are approximately half traditional brokers' fees, borrowers have saved over $1,400,000 in fees. More information can be found at www.realwebfunds.com.
For More Information Contact:
2682 Bishop Dr., Suite 208
San Ramon, CA 94583