Spectrum Commercial Lending, Inc. Closes $8.8M Commercial Real Estate Loan for Their Small Business Client

Spectrum Commercial Lending, Inc. a non-bank commercial lender in California announced the closing of an $8.8M commercial real estate loan for their client which allowed them to acquire a new location for the business.

Irvine, CA, August 30, 2010 --(PR.com)-- Spectrum Commercial Lending, Inc. (Spectrum) a leader in small business commercial real estate financing helped their clients close on a new 124,000 SF building in Los Angeles County, CA. The new building will be used to house their ever expanding wholesale business. The small business concern is an international web-based wholesaler of party supplies that was first established in 1998. Since the company was first established the owner of the Company has seen her sales continually grow to in excess of $17M.

Spectrum utilized the SBA 504 program in order to provide the client with a high loan to value, low fixed rate loan which will allow the small business owner to retain the necessary capital within her business to help support the continued expansion of the business. This is truly the goal of the SBA 504 loan program, to help support growth within the small business community. Spectrum and CDC Small Business Finance Corporation worked very closely together to insure that this transaction went as smoothly as possible for all parties involved.

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.

Spectrum Commercial Lending, Inc.
Mike Muetzel