Rogers Funds LLC secures $5,100,000 Investment Property Financing For Apartment Building at 100% LTV

Kevin Roberts, a loan officer with Rogers Funds LLC Commercial Mortgage Lender, has announced that the firm recently closed $5,100,000 in commercial mortgage financing for a apartment property in Lowell, MA at 100% Loan to value.

[USPRwire, Sat Jan 14 2006] Kevin Roberts, a loan officer with Rogers Funds LLC (http://www.rogersfunds.com) Commercial Mortgage Lender, has announced that the firm recently closed $5,100,000 in commercial mortgage financing for a apartment property "Maxwell Complex" in Lowell, MA at 100% Loan to value. The building, built in 1986, was facing foreclosure and the owner of the building sold it 72% below market value.

The 15,750 square foot building is 92% leased by 14 tenants. The borrower was looking for interest only commercial mortgage loan with a low interest rate.
Rogers Funds LLC provided a commercial mortgage loan with a 7% interest only rate at 5 year term with balloon payment. The borrower has the opportunity to refinance anytime because there was no prepayment penalty.

About Rogers Funds LLC
Rogers Funds LLC (http://www.rogersfunds.com) is a national commercial mortgage loan lender for real estate properties between $300,000 to over $100,000,000+. Rogers Funds LLC is known for offering higher Loan to value ratios than traditional commercial lenders.