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Apartment Loan
Quick Links |
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CommercialBanc
Banc-Series
3 Year Fixed Apartment Loan
Rates
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CommercialBanc
Banc-Series™
apartment loans
offers borrowers low
fixed-rate financing
for the first 3
years of the term
followed by a
conversion to a 6
month
adjustable-rate for
the remainder of the
30 year term,
providing fully
amortized
non-balloon
apartment financing. |
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Fixed Rate |
Buy Down |
Rate Lock |
Term |
Index |
Margin |
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5.96% |
100 BPS |
60 Days |
30 Years |
6 Mo LIBOR |
2.50% |
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6.18% |
50 BPS |
60 Days |
30 Years |
6 Mo LIBOR |
2.50% |
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6.42% |
PAR |
60 Days |
30 Years |
6 Mo LIBOR |
2.50% |
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6.47% |
+ 50 BPS |
60 Days |
30 Years |
6 Mo LIBOR |
2.50% |
Banc-Series™
interest rates are updated on a daily basis,
Monday-Friday, by 11:45 EST., except on
nationally recognized holidays.
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View Detailed
Banc-Series
Apartment Loan Rates |
-- Maximum LTV is 80%
for both purchases and
refinances. 85% available
with
mezzanine financing
-- Prepayment Premium:
4, 2, 0
-- Add 10 basis points to the apartment
loan rate for LTVs greater than 75%
-- Add 25 basis points to the apartment
loan rate for loan sizes under $500,000
-- Add 10 basis points for mobile home
park properties
-- Apartment rates are subject
to change and may not be available at the time
of closing.
-- Interest Rates will not be locked
until all documents requested have been
received.
INTEREST RATE IS FLOATING UNTIL THE TIME OF
LOCK |
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Borrowers that
require
higher leverage apartment financing, CommercialBanc
combines its Banc Series™ traditional apartment loan program
with Mezzanine financing to offer up to 85% CLTV. Benefits include: |
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Mezzanine Loan Sizes $100,000
- $400,000
In-House Mezzanine
financing simplifies
the transaction
Larger loans sizes
and easier
qualifying with
combined DSCR of
1.05
Banc-Series
traditional
apartment loan
retains program
integrity
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