NEW YORK, June 19, 2012 /PRNewswire/ -- At a recent Board meeting held at company headquarters at 40 Wall Street, New York, NY, the company's CFO announced increased closed loan volume that exceeded last year's 1st quarter by 37%.
Financial Funding, LLC, is a Real Estate Investment Banker offering all types of commercial mortgages anywhere in the country. In the first quarter of this year, the company closed mortgage loans in almost all of the Mid-Atlantic States, as well as a number of loans in the Southwest and West.
Shopping centers (large and small), Apartment complexes of any size, all types of office buildings, mixed use properties, as well as Hotel/Motel and golf courses are just some of the loans closed.
Financial Funding's executives believe that 2012 will be their banner year, as new loan originations for the first five months of 2012 have exceeded $750M. At this pace, the company can expect its volume for 2012 to surpass $2B.
While residential real estate is lagging behind and pulling down the economy, the commercial real estate market is alive and well. Many commercial property owners are taking full advantage of record low mortgage rates. Lower rates mean higher profits for income producing properties. As owner's profits increase, so does the need for more employment increase. The boom in commercial financing is helping to create profits and also more jobs; something this country badly needs.
For more information on Financial Funding's product line, look at www.financialfundingllc.com or call 800-743-8895.
Contact Richard Tretsky
SOURCE Financial Funding