2682 Bishop Dr., Suite 208
San Ramon, CA† 94583
FOR IMMEDIATE RELEASE
RealWebFunds Arranges $5,600,000 Financing for IRS Western Distribution Building
San Ramon, CA
May 15, 2002
RealWebFunds announced the closing of a $5,600,000 loan on the IRS Western Distribution Building in Rancho Cordova, CA. The loan is a 6.5 year fixed rate loan that is matched to the remaining term of the lease. The lender was Roseville First National Bank.
The property is a single story building with approx. 100,000 gross s.f. of warehouse space and approx. 26,000 gross s.f. of office space which is 100% leased to the United States of America.
RealWebFunds, Inc. is a national discount commercial mortgage and equity broker. RealWebFunds is known for aggressively shopping loan requests to find the best rate and terms available. By combining phone-based financing experts and Internet based technology, RealWebFunds provides a service that is unmatched in efficiency, speed, and thoroughness. To date, RealWebFunds has closed over $275,000,000 in loans and equity financing. Because RealWebFunds fees are approximately half a traditional brokerís fees, borrowers have saved over $1,300,000 in fees.
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