First Rate Funding Inc. of Albany and Saratoga has established an Adirondack Regional Office in the “Log Office Building” to present its broadly based mortgage and financial services to mortgage seeking clients, Realtors, and businesses throughout the Park and the North Country area.  First Rate Funding will work in close co-location at the Log Office Building “at the light” in Lake Placid with two other local businesses, Adirondack Country Homes Realty Inc. – an eight office multi line residential and commercial Realtor serving the area of 11 years, and Country Business Services Inc., - the areas only full time business broker - that has helped with serious business sellers and buyers in the region since 1978.

 

Richard Gross, the First Rate Funding VP who will staff the new operation, noted that placing First Rate’s products in close proximity to parties seeking financing is a welcome addition to Lake Placid in the light of the challenges facing the mortgage and finance community at this time.   Mr. Chris Falvey, President of First Rate said “ The company has been a presence in the Capital District and Saratoga County with its staff of 20 loan officers since 2001, and has a variety of financing products that can assist both residential and commercial clients. We have a reputation for personal service, providing quick, efficient options and competitive lending rates based on our client’s specific needs. We look forward being there for borrowers in the Adirondacks”.

 

Don Caldera, President of Country Business Services Inc. and owner of the Log Office Building, has worked diligently with First Rate Funding to bring this strong, reliable financial resource to the Adirondack business community. “First Rate will be an asset to the North Country and offers a needed alternative to our local banking community for clients seeking mortgages or project financing.” Caldera said.

 

Darleen March, owner/broker of Adirondack Country Homes Realty Inc., has already put First Rate Funding in their program at their other office locations. Ms. March notes: “Our clients and customers have been pleased with the results thus far, and in today’s challenging market, we need additional loan programs. Finding a solid company willing to help in our North Country is a real step ahead. We are pleased to collaborate with First Rate Funding and Country Business to present our clients a full range of assistance.”

 

First Rate Funding opened their branch location in Lake Placid in early November and has its headquarters at 427 New Karner Road in Albany NY.