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Cheap Bridge Interest Only Bridge Loans for Single Tennant Properties 4th Quarter Only

October 20, 2009

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Segway Funding, Inc. is pleased to offer interest only bridge financing for single tennant properties nationwide. These 1-5 year loans are designed to bridge the current credit markets.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 20, 2009 -- Segway Funding , Inc. currently has interest only bridge funds available at extremely cheap rates for Single Tennant Commerical Properties nationwide. The following outlines the loan program:

Loan Amount: $1-10 Million
Asset Type: Single Tennant (industrial, commercial, retail, health clubs, etc.)
Term: 1-5 years
Prepayment: None after 12 months
Recourse: Yes, full recourse (non-recourse is not available)
Construction Funds Available: No
LTV: 60-75% (to get to 75% would need to be national credit tenant)

Interest Rate: Around 6 – 7%. Variable with a floor and cap. Fixed may be available on a case-by-case basis.
Origination Fees: 3 pts
Closing Timeline: 30-45 Days
Residential Properties: NO! Commercial Only

The $180 Million allocation for interest only bridge funds is for the fourth quarter only. The allocation won’t last long so if you have a loan you wish funded, you must get them to Segway Funding, Inc. immediately!

Inquiries can be directed to Charlie Crump. He can be reached at 801-273-7700 or at info@segwayfunding.com with "Single Tennant" in the subject line. Please make sure that your loan opportunity fits within the above.

Segway Funding, Inc. is a mortgage bank based out of Salt Lake City, Utah. They specialize in commercial lending utilizing non-conventional lending sources.

free-press-release.com bridge loan interest only loan single tennant property

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Contact Information

Name: Charlie Crump

Email: ***@segwayfunding.com

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