CMN Funding, headquartered in Albany, NY, has announced that they have recently funded two commercial real estate deals while arranging two other transactions.
ALBANY, NY, April 24, 2019 /24-7PressRelease/ — CMN Funding, headquartered in Albany, NY, has announced that they have recently funded two commercial real estate deals while arranging two other transactions.
The first of CMN’s direct funded projects, located in Bal Harbour, Florida, featured a refinance of an investment condominium that was underwritten through our No 4506 program. The refinance allowed the borrower to pay off their current bridge loan with a loan amount of $1,820,000 that included permanent terms. The second property was a refinance of an Investment SFR located in Houston, Texas. The client received a loan of $146,650 to yield cash-out proceeds & a long term amortization.
One of CMN’s arranged closings took place in Winston Salem, NC where $3,420,000 was procured for the development & construction of a 32-unit multifamily residential building. The other arranged financing, of $3,250,000, was another investment luxury condominium located in Bal Harbour, FL. The purpose of the refinance was to take-out short-term financing with an attractive fixed rate and term.
About CMN Funding:
CMN Funding, a division of CMN Real Estate Group, Inc., is a financial services company that specializes in the needs of the commercial client. Established in 2003, CMN is a full-service outlet for commercial financing whose primary focus is to obtain funding for commercial real estate transactions.
1510 Central Avenue
Albany, NY 12205
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