Friday, March 13, 2009

Metro Funding Closes a $715,000 Loan


PARAMUS, N.J., March 13 -- Metro Funding Corp. (MFC) recently closed a $715,000 loan for the refinance of four un-flagged fast food properties in Southern New Jersey and Eastern Pennsylvania.

The borrower approached MFC in order to consolidate and become current on outstanding debt he had accrued over the past 18 months. Timing was crucial in refinancing with their current note holder. "More than ever, borrowers are having difficulty gaining financing from conventional banks. However, MFC remains stable, allowing borrowers to obtain the funds they need swiftly," says Manager, Guy Ferdman.

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.