Collateral: Stabilized Apartment Buildings
Minimum Loan: $1,000,000.00
Maximum Loan: $5,000,000.00
Loan-to-Value (LTV): 70%-75%
Term: 5 or 10 Years / 25 year Amortization
Rate: 5 Year Treasury + 3%-4%
Points: 2
Pre-payment: 3 Year Declining (3%,2%,1%,0%,0%)
Security Type: 1st Position Commercial Mortgage, Non-recourse
Close: 45-60 Days, Application to Funding
MasterPlan Capital LLC – Click here to apply right now
Apartment owners may benefit by reading the web-log (blog) of the American Apartment Owners Association
Tags: Apartment, Apartment Loan, Apartments, commercial mortgage, commercial mortgage loans, commercial real estate, Multi-Family, multifamily
January 15, 2009 at 6:27 pm |
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