Wednesday, March 24, 2010 Categorized under News

Commercial Refinancing – Multifamily

85% Loan-to-Value (80% with cash out)

35 Year Amortization

35 Year Term (no balloon)

No maximum loan amount

Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield.

No personal liability (non-recourse)

Negotiable pre-payment terms

1.20 Minimum Debt Service Coverage

This loan is always assumable

Third-party expenses and loan costs are financeable.

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