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ALBANY, NY, January 24, 2019 /24-7PressRelease/ -- CMN Funding, A Leader in Commercial Financing Solutions, announced today that it has recently funded 3 commercial real estate deals located in 2 different states.
The first project, located in Houston, Texas, was two residential investment property deals that received total funding of $300,000. With this, the client was able to transition their current higher interest bridge loans into permanent financing. In addition, the client received some limited cash out for repairs and expenses.
The second property is located in Royal Oak, Michigan. The project entailed a refinance into permanent attractive financing (30-year amortization) with some limited cash out. The client was able to retire current short-term debt with the new $307,300 loan funded by CMN.
The third transaction, a loan of $1,050,000, was a distressed refinance of an existing bridge note into long-term financing. The client is an established investment property owner and the project is located in Spring, Texas.
About CMN Funding:
CMN Funding is a financial services company that specializes in the needs of the commercial client. CMN is a full-service outlet for many types of commercial financing; our primary focus is to obtain funding for commercial real estate transactions.
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