Local Lender Rolls Out Creative Commercial Programs
Summary
Press Releases Preferred Funding Group, Inc Press Release Receive press releases from Preferred Funding Group, Inc: By Email RSS Feeds: Local Lender Rolls Out Creative Commercial Programs Woodstock, GA, June 15, 2007 --( Borrowers with strong qualifications can now qualify for 97 percent LTV financing on properties including retail and office space, multi-family residences and mixed-use, among many others.Preferred Funding Group, located in Woodstock, offers an alternative to bank financing for commercial loans.### Woodstock, GA, June 15, 2007 --( PR.com )-- Preferred Funding Group, Inc, a local leader in small-balance commercial mortgage lending, recently added several new features to their existing loan programs."Even though 97 percent LTV is not unusual for residential mortgages, it represents a significant breakthrough when it comes to commercial lending," stated Pat Meazell, executive vice president and commercial lender at Preferred Funding Group.Additionally, the company announced that three, five and 10-year intermediate adjustable-rate mortgages (ARMs) are available, thereby expanding the product offering from a six-month ARM to fully amortizing 30-year fixed-rate programs and everything in between.The fixed-rate programs feature a declining rate option that reduces the rate 50 basis points every five years, providing the borrowers make their payments as scheduled.While the companys core programs are available on a wide range of property types, Preferred Funding Group, Inc. has included restaurants, gas stations/c-stores, churches and many other property types to the offering at different LTVs.“We have many programs that can help the small business finance their real estate needs”, states Meazell.