East Norwalk, CT Steve McFarlin senior mortgage banker of The Southpoint Group Mortgage Company LLC closed a mortgage in the amount of $1.08 million for the purchase of 185 East Ave. The funding was arranged through Union Savings Bank of Danbury, and provided for 80% financing for the Northeast Community Church to purchase and retrofit the building.

Financing churches can be notoriously difficult but through McFarlin’s local connections, he found a competitive product with 80% financing and a proven track record of working with religious organizations. 

The Southpoint Group Mortgage Company LLC is a boutique commercial mortgage company located in Norwalk, CT specializing in small to mid-size commercial mortgages from $200,000 to $6 Million primarily in both Connecticut as well as New York with a special emphasis on multi-family mortgages.