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Apartment Loan
Quick Links |
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Banc-Series 1 Fee Apartment
Loans |
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Borrow up to $5
million under the
Banc-Series
apartment loan
program and pay
one low closing fee
of just $5,500!
CommercialBanc's 1
Fee Closings include
all lender related
costs, typical third
party reports and
inspections and rate
lock fee. |
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Banc-Series 1 Fee Closing
Cost Overview |
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Appraisal
Lender's
Legal
Property
Inspection
Document
Fees
Origination
Fees
Application
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Rate
Lock
Administration
Registration
Underwriting
Credit
Report
Limited
Environmental
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CommercialBanc's 1 Fee
Closings do not include
title charges, borrower
attorney fees, broker fees,
loan processing fees, impounds, state-local taxes,
seller closing fees, survey
and any non-typical costs.
Should the subject property
need to be re-inspected or
re-appraised due to no fault
of Lender, additional costs
may apply. Should borrower's
rate lock expire due to no
fault of Lender, borrower
will be required to re-lock
rate at a cost of $500. |
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Does CommercialBanc
charge any lender points? No. The 1
Fee Closing cost includes all lender fees and costs. |
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Does CommercialBanc
charge any up-front fees.
No. CommercialBanc will issue a Banc-Series program pre-approval prior to
collecting any fees. |
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Do I have to pay for
the appraisal before it is ordered?
Yes. Once CommercialBanc approves a borrower's request, we will collect third
party deposits prior to ordering. |
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