Spectrum Commercial Lending, Inc. Closes Commercial Real Estate Loan Projects in Excess of $5.1M in April

Irvine, CA, May 05, 2009 --(PR.com)-- Spectrum Commercial Lending, Inc. a leader in the commercial lending industry is happy to announce loan closings that totaled in excess of $5.1M in projects for the month of April. These loans consisted of both owner-user and investor deals.

One such owner-user project was structured using the SBA 504 program. The project consisted of the purchase of a building, tenant improvements and closing costs. CDC Small Business Finance Company helped facilitate the success of the project by providing the SBA 504 debenture approval. Now that all of the tenant improvements are complete, the borrower will be able to relocate his firm and have the additional room necessary to grow his business. Other interesting projects completed in April included a cash-out refinance on an investor deal as well as a take-out of a construction loan on another investor deal. Although Spectrum has participated in the financing of more investor deals as of late, the majority of their deals are still owner-user type projects.

Spectrum Commercial Lending, Inc. is located at 2070 Business Center Dr., #285 Irvine, CA 92612. For more information on Spectrum Commercial Lending, Inc. please contact Mike Muetzel at (714) 841-5255 or email at m.muetzel@contactspectrum.com.

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