Fannie Mae is becoming more aggressive
and is now allowing closing costs to be
rolled into the loan amount (capped at 3%
of the purchase price). They are also
allowing a borrower to roll in additional money for deferred maintenance. A
strong borrower may qualify for up to
85% LTV financing. Click here for
information on our recent 82% LTV loan.
Highlights include: Loan size from $1M to
$3M (up to $5M in certain markets) and
great interest rates - low to mid 4's for 10-yr
fixed term. Click here for more info
GFS has closed over 150 Fannie Mae commercial loans and we consider
ourselves expert in this arena.
|
Gomberg Financial Services also offers a wide range of consulting services. We recently helped facilitate the sale of a Worcester MA mill complex for development into residential units.
We also recently advised a client during the refinance of three separate Fannie Mae loans. These are loans we originally arranged the purchase financing for ten years ago.
Click here for more details about these transactions.
|
