Select Commercial Funding, LLC Provides $1,475,000 Apartment Building Loan for a Multifamily Property in Weirton, WV

Atlantic Beach, NY -- (ReleaseWire) -- 10/20/2010 -- Select Commercial Funding, LLC announced on Wednesday, June 30, 2010, that it originated a $1.475 million dollar loan for the refinance of Palomino Drive Apartments, an 88 unit apartment, 69,255 square ft. complex located at 92 Palomino Drive, Weirton WV.

Stephen A. Sobin, president of Select Commercial Funding, LLC provided the West Virginia borrower with a 5-year fixed rate on a 75% loan-to-value mortgage. The loan also featured a 20-year amortization.

Select Commercial Funding, LLC specializes in apartment building loans in most of the country.

About Select Commercial Funding, LLC and President Stephen Sobin
Stephen A. Sobin, has over 25 years of mortgage banking experience. His understanding of the market, underwriting skills, and in-depth knowledge of lender’s requirements guarantee that our clients receive the very best terms available in the market.