CMN Funding Finishes with a Strong December to End 4th Quarter of 2019

CMN Funding, headquartered in Albany, NY, has announced that they have recently funded two commercial real estate deals and arranged two SBLCs.

ALBANY, NY, January 30, 2020 /24-7PressRelease/ -- CMN Funding, headquartered in Albany, NY, has announced that they have recently funded two commercial real estate deals and arranged two SBLCs.

The first of CMN's direct-funded projects was located in Albany, NY. It featured the acquisition of a retail building that includes a popular local eatery. The client received a loan amount of $401,250 at 65% LTV. CMN's second direct-funding transaction was a rate and term featuring a limited cash-out refinance of a 17-pad mobile home park in Gansevoort, NY. The client was refinancing due to an expired note & mortgage.

CMN Funding also arranged the issuance of two Standby Letters of Credit (SBLCs) for major projects in Fort Stockton, TX and Los Angeles, CA. The SBLCs, for $1,500,000 and $3,000,000 respectively, will support contractor work for a new hotel project as well as a software and entertainment development venture.

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.

CMN Funding
1510 Central Avenue
Suite 380
Albany, NY 12205
(518) 435-1119
www.cmnfunding.com

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