Commercial and residential Lending

MULTIFAMILY ACQUISITION OR REFINANCE programs avail.
May 30th, 2009 2:58 PM
* 85% Loan-to-Value (80% with Cash-out Refinance)

* 35 Year Amortization

* 35 Year Term (no balloon)

* 7.5% Seller promissory note allowed for down payment requirements – (For Acquisition only)

* 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

* 1:18 Minimum Debt Service Coverage

* This loan is always assumable.

* Third-party expenses and loan costs are able to be financed For current offer as there subject to change please contact 317-348-0732 or loans@fairydustlending.com

Posted by Audrey Patton on May 30th, 2009 2:58 PMPost a Comment (0)
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