Welcome to Financial Advantage - Income Property Loans: Fixed Rate with Low Prepayment Fees

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Fixed Rate with Low Prepayment Fees

This loan features a 15-year maturity. It begins with a fixed rate for 3, 5, 7 or 10 years and then converts to a variable rate for the remainder of the term. The rate is locked upon application. Prepayment fee is only 6 months interest after initial 2-year lockout period.

Multifamily Interest Rates

Commercial Interest Rates

No Lender Legal Fees, No Reserve Accounts & No Yield Maintenance

Product Description
Fixed Rate Loans with Low Prepayment Fees

Minimum Loan Amount $1,000,000

Maximum Loan-to-Value 75% commercial; 80% apartments

Minimum Debt Service Coverage 1.20

Loan Terms 10 years; 7 & 15/15 terms available

Loan Fee 1%

Amortization 25 – 30 years based on age & condition

Rates
Multifamily Interest Rates

Commercial Interest Rates

Prepayment Declining percentage over 3 to 5 years

Secondary Financing Generally permitted with Lender approval

Assumability Allowed with approval for 1% fee

Borrower Any Legal Structure

Recourse Generally required but may be negotiable

Lending Area Arizona, California and Nevada

Please contact an Account Executive

Rate and terms subject to change without notice

FINANCIAL
ADVANTAGE

Financial Advantage
2045 Mt. Diablo St., Suite 105
Concord, CA 94520
(800) 689.8323