Urban Commercial Mortgage provides $5.013M Loan for a GSA Building in Spokane, WA

March 18, 2011 (PRLEAP.COM) Business News
Houston, Texas - Urban Commercial Mortgage announced that it facilitated a $5.013 million permanent loan for a Washington developer who constructed a new General Services Administration building in Spokane, WA.

Eric Donnelly, Managing Partner of Urban Commercial Mortgage, facilitated the 72% LTV loan, which features a 15-year fixed-rate term. "The borrower wanted a fully amortizing loan at a very competitive rate which we were fortunate to facilitate given this challenging credit environment." says Eric Donnelly.

About Urban Commercial Mortgage

Urban Commercial Mortgage a leading specialist in providing multi-family, retail, commercial, and SBA mortgage loans in the $500,000 to $15 million range. Headquartered in Houston, Urban Commercial Mortgage finances real estate in all 50 States.