Commercial Mortgage Loans for Most Business Properties: Borrow In Just 18 Days

Jan. 3, 2012 - PRLog -- Miami Beach, FL – The Sterling Fund opened today offering an important new source of commercial building financing.  Uniquely, Sterling offers short and long-term loans for commercial building refinancing at fixed rates for less-than-perfect credit, with minimal paperwork and lightning fast funding.

Small businesses frustrated by conventional or SBA loan delays can now obtain financing with reasonable terms.  In some cases, owners can save their building from foreclosure when banks refuse to extend or refinance a credit line or mortgage that has adjusted.  Sterling rushes through paperwork and documentation for building rehab, to refinance a balloon payment, for a partner buyout, as bridge loan financing, or a permanent loan.

"Commercial loans that do not need to meet the scrutiny of the secondary market are just less painful for refinancing a building right now, especially for the self-employed”, says Sterling Fund CFO, Adam Kaplowitz. He says, “Private money is the new Conventional Commercial Real Estate Loan."

There are several reasons for the growth of The Sterling Fund. "Sterling commercial loans are for commercial mortgages from $25,000 up to $500,000 with funding on an average of 18 days. They’re great for apartment and mixed use properties when a partner buyout or repair is needed right away," says Sterling President, Frank Pournelle. "Higher LTV financing and long amortization schedules top the list. The other major benefit is that Sterling loans remain reliable in closing quickly".

Between 2008 and 2011 a restriction of commercial financing by banks created a credit crisis for small business. The value of quick commercial financing cannot be overstated.  Many loan programs for “B” and “C” grade commercial property refinancing have been curtailed as property values declined.  Further, bank quoted transactions may not be completed or significantly delayed. The Sterling Fund targets building owners with specialized commercial mortgage programs.

ABOUT THE STERLING FUND
The Sterling Fund Inc. is a leading commercial real estate financing firm. Sterling specializes in 18 day funding for properties such as: apartments, motels, office, industrial, mini-storage, retail, mixed-use and hotels. Private investors provide easier qualifications for a fast building refinance.  A commercial mortgage loan quote can be obtained in minutes from The Sterling Fund at http://www.BuildingRefinance.com or by calling 1-800-578-4884.