News: Financial Digest
Posted: June 9, 2017
The Southpoint Group Mortgage Co. closes $1.08 million loan for local church
East Norwalk, CT Steve McFarlin senior mortgage banker of The Southpoint Group Mortgage Company LLC closed a mortgage in the amount of $1.08 million for the purchase of 185 East Ave. The funding was arranged through Union Savings Bank of Danbury, and provided for 80% financing for the Northeast Community Church to purchase and retrofit the building.
Financing churches can be notoriously difficult but through McFarlin’s local connections, he found a competitive product with 80% financing and a proven track record of working with religious organizations.
The Southpoint Group Mortgage Company LLC is a boutique commercial mortgage company located in Norwalk, CT specializing in small to mid-size commercial mortgages from $200,000 to $6 Million primarily in both Connecticut as well as New York with a special emphasis on multi-family mortgages.
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