Metro Funding Closes a $1,650,000 Loan

PARAMUS, N.J., Feb. 24 -- Metro Funding Corp. (MFC), a private asset-based lender, headquartered in Paramus, N.J., announces the funding of a $1,650,000 loan for the refinance and construction of a 20 acre time share community and existing hotel in Branson, MO.

The borrowers, experienced developers, approached MFC when their long-time construction lender had ceased funding.  "With many lenders disappearing, businesses are forced to shut down.  However, MFC remains stable, allowing borrowers to complete their projects and keep operations moving forward,” says Manager, Guy Ferdman.  After careful underwriting, MFC was able to structure the transaction in a way that benefited all parties and allowed the borrowers to continue running their time share community project successfully. 

Metro Funding Corp., headquartered in Paramus, NJ, is a commercial real estate lending company specializing in asset-based opportunity (hard money) loans.  Metro Funding Corp. provides domestic and international loans to corporate entities.

 

CONTACT: 201-262-6360, for Metro Funding Corp. 

Web site: http://www.metrofundingcorp.com/