400Bankers.com helps secure commercial financing for Bed & Breakfast Inn
May 31, 2006 (PRLEAP.COM) Business NewsMiami, FL —- 400Bankers.com has closed a $7 million Commercial mortgage loan on a 97 room Bed & Breakfast Inn in Miami area, FL. They were able to structure 100% commercial financing and working capital . The property has recently been refurbished and is performing well. 400Bankers.com found a lender that provided hotel loans and negotiated up to a 75% LTV and structured a CD secured loan for 20% down payment and working capital. The interest rate was 6% interest only at 10 year term. Kim Cohen, a 400Bankers.com loan advisor, was the originator for this transaction.
400Bankers.com (http://www.400bankers.com) is a national and international commercial mortgage loan network for real estate projects between $200,000 and $10,000,000,000. 400Bankers.com has over four hundred lenders and private investors in itís network. The network consists of Commercial loan experts who are unmatched in efficiency and financing terms.