GHMCommercialLoans.com Announces Direct Commercial SBA Loan Financing on the $2.5M Purchase of the Red Rocker Inn in Ashville, NC

April 01, 2007 (PRLEAP.COM) Business News
April 2, 2007 GHMCommercialLoans.com announced on Monday, that it originated and financed a Commercial Loan for the purchase of the historic Red Rocker Inn located in the Ashville, North Carolina area.

‘We worked with the buyer’s needs to offer excellent terms, in a very complex Small Business Administration deal structure that allowed the buyer’s to achieve their dream business property in the historic regions of the Black Mountains of North Carolina’ says Drew Siler, Senior Commercial Loan Director.’This particular deal demonstrates GHMCommercialLoans.com’s ability to fund a variety of properties types and loan sizes with complex transactional parameters, while also easing the typical fears that many buyer’s have about obtaining an advantageous SBA loan structure’ says Bryan Timmerman, GHMCommercialLoans’s Vice-President.

GHMCommercialLoans.com arranged for a fixed rate loan in the 7% range with a 20-year amortization with the Buyer bringing only 10% to the closing table.

About GHMCommercialLoans.com

As a Direct Commercial Mortgage Bank Lender offering Direct Portfolio and Correspondent Capital Markets Conduit, Insurance and Pension Fund commercial loans, GHM Commercial Loans saves you time and money by creating a competitive environment that forces the market to compete for your business.

GHMCommercialLoans.com is a leading national provider of Conventional, Portfolio and Wall Street Capital Markets finance structures of multi-family, retail, commercial and SBA 504 - SBA 7A commercial mortgage real estate loans in the $500,000 to $100 million plus range. Headquartered in Scottsdale, Arizona, GHMCommercialLoans.com originates, underwrites and finances commercial loans in all 50 States, including Alaska and Hawaii.

For more information on GHM Commercial Loans, please visit us online at www.GHMCommercialLoans.com.

The submission process is simple, takes less than 2 minutes and one of our qualified Senior Underwriters will contact you within 24 hours for a FREE preliminary Underwriting Session. Thank you.