2682 Bishop Dr., Suite 208
San Ramon, CA† 94583
FOR IMMEDIATE RELEASE
RealWebFunds Arranges $4,330,000 Financing for Two Office Buildings in Southern California
San Ramon, CA
May 15, 2002
RealWebFunds announced the closing of two variable rate loans totaling $4,330,000 for two office buildings in Southern California. Both buildings are owned by a local real estate investor.
A $3,000,000 loan was placed on the Calabasas Center, a two-building multi-tenant, garden style office complex in Calabasas, CA. A $1,330,000 loan was placed on the Royal Professional Building, a 24,000 s.f., two-story, multi-tenant office property located in Simi Valley, CA.
The loans were 10 year variable rate loans, fixed for 36 months. The lender was Affinity Bank.
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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