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Apartment Loan
Quick Links |
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Banc-Series
7 Year Fixed Apartment Loan
Rates
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CommercialBanc
Banc-Series™
apartment loans
offers borrowers low
fixed-rate financing
for the first 7
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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6.09% |
100 BPS |
60 Days |
30 Years |
6 Mo LIBOR |
2.50% |
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6.22% |
50 BPS |
60 Days |
30 Years |
6 Mo LIBOR |
2.50% |
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6.358% |
PAR |
60 Days |
30 Years |
6 Mo LIBOR |
2.50% |
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6.55% |
+ 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:
5, 5, 4, 3, 2, 1, 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 |
Banc-Series Apartment
Loan Program
Overview
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CommercialBanc's
Banc-Series™ Small Balance
Apartment Loan
Program provides
competitive, low
cost apartment
financing for five
plus individual
multifamily units,
mixed-use commercial
properties with less
than 25% of revenue
generated from
commercial use, and
mobile home park
communities. |
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With competitive rates, a
low overall cost basis, exceptional terms, and
three different program options, Banc
Series™ is the apartment loan of choice for more
borrowers than all
of CommercialBanc's
other apartment loan
programs
combined! |
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