Metro Funding Closes a $1,400,000 Loan

PARAMUS, N.J., April 7 /PRNewswire/ -- Metro Funding Corp. (MFC), a private
asset-based lender, headquartered in Paramus, N.J., announces the funding of a
$1,400,000 loan for the acquisition of a 13.5 acre parcel in York,
Pennsylvania.

The borrower approached MFC with the need of a rapid closing after not being
able to receive an extension from the seller. "With today's market conditions,
enthusiastic and experienced borrowers are finding it increasingly challenging
to gain financing in the time needed to accomplish their endeavors. MFC makes
financing possible for borrowers who have strict timelines, allowing them to
complete their projects successfully," says Associate, Ido Gerber. After
careful underwriting, MFC was able to structure the transaction in a way that
allowed the borrower to acquire the property from the local school district.
With a $28,000,000 HUD loan, the borrower plans to construct a residential
complex, which will include affordable housing for the retirement community in
the area.

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 loans globally to corporations unable to obtain
financing from conventional sources due to the immediacy or complexity of the
transactions.

Web site: http://www.metrofundingcorp.com/

SOURCE Metro Funding Corp.

Lana Nichamov, +1-201-262-6360, for Metro Funding Corp.