ICA CLOSES a commitment to lend at 65% LTV for the refinance and cash-out of a Mixed Use Property located in the South West section in the state of Pennsylvania. The loan proceeds are going to be used for property improvements and working capital.
ICA and the financing desk, leading resources in today’s mortgage industry CLOSE a commitment to lend for $675,000 for a North East based Commercial Real Estate company. ICA and its NORTH EAST based investor were able to deliver this loan in times when many others say NO to cash-out. The customer was delivered a 2 year term and 20 year amortized loan at a 5.20% interest rate. The loan comes with NO prepayment penalty and NO Bank fee’s. The loan also comes with working capital.
At the financing Desk we utilize our national network of direct lenders to provide financing solutions that meet our clients’ specific needs. We work with many local and national direct lenders across the country who are familiar with the desk and understand the needs of our clients. Our company has been built on a pillar of integrity and loyalty. We welcome your Commercial Mortgage / Business Acquisition or Equipment Leasing requests. We look forward to hearing from you.