For the purchase or refi of apartment buildings (under $5,000,000), please be advised of the following program:
----Net loan amount to the borrower Under $5,000,000 but over $1,000,000.
----Purchase or Refi
----LTV up to 85%
----Amortization to 30 years
----Debt service at least 1.17
----Fairly decent credit
----Fixed rate for the term of loan (30 years)
----Non - Recourse
----Rate is a point or so over the T-Bill (at closing) - about 5.5%
Should you get an apartment building or health care facilities of the size and/or type, please call me as this is a most dynamic program offering.
ken shaw
Fisher Enterprises
800-275-3968 ext 223
212-223-0104 or 212-223-2871 fax
ken@fisherenterprisesllc.com