News: Financial Digest
Posted: June 12, 2008
Thompson of Creative Comm'l. Lending closes $325,000 loan for investor
Russell Thompson of Creative Commercial Lending recently placed financing in the amount of $325,000 for an investor in Abington.
The borrower refinanced his mixed-use investment property, which included two apartments and two retail stores. The new loan was at a rate 3% lower than the previous loan and proceeds from the transaction will be used for additional property improvements.
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