Strongbridge Funding, LLC Offers Funding for Short Sales, FSBOs, REOs and Commercial Properties

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November 19, 2009, Portland, OR - Strongbridge Funding, LLC (SBF) has announced they are expanding their lending services to additional clients in response to the growing demand for short term funds for real estate investors. Previously, SBF has only made funds available internally to clients of Turning Leaf Advisors (http://turn-leaf.net) and Short Sale Builder (http://shortsalebuilder.com) as a private, value added service. However, because of the success of the program, SBF is now offering their funding capabilities to clients outside of their immediate fold as they know their product is extremely competitive in the marketplace.
SBF is different from other transaction lending companies as they control all of funds they loan. Once they receive the required documents to review and approve the deal, that’s it, no other red tape or approvals needed. They have become so efficient that many clients have come to them from other lenders that couldn’t get the deal funded at the last minute. SBF is able to step in and fund so the deal can close. SBF’s close relationship with their private bank enables them to provide superior service unmatched in the industry.
Funds can be available on average in 24 hours if all information is submitted for review promptly. The funding is based on the deal itself; not the client’s credit, financial status or Loan to Value (LTV). SBF transactions include short sales, REOs, FSBOs, commercial properties and any other transactions that have a simultaneous closing. SBF sees a significant move towards commercial closings as 2010 approaches.
SBF funds transactions between $10,000 and $10,000,000.. Transactions sizes greater than $10,000,000 will be considered on a case by case basis. In addition, SBF provides Proof of Funds letters for all of its clients when requested. The fee charged for the borrowed funds is 2.00% of the principal loan amount, with a $2,000 minimum, and a $300 administrative processing fee. All fees are paid when the deal closes and disclosed on the HUD1..
For more information please contact SBF at info@strongbridgefunding.com. You may also visit their website at http://strongbridgefunding.com