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Small Loan Program This program has low fees, fast turn around time, and can be rate locked at the time a letter of interest is issued. Five and ten year fixed terms with 30 year amortization. Low document program available for borrowers with 700+ credit. This program also allows the seller to take a second mortgage up to 10% of the purchase price, which lets the buyer into the deal with only 15% down. Recent transactions originated by Gomberg Financial using this program include:
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$531,200, 80% LTV purchase loan for this 14-unit apartment building in Brockton MA. The interest rate of 7.49% is fixed for 5 years and amortized over 30 years. |
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$240,000, 80% LTV purchase loan for this 7-unit apartment building in Orange MA. The interest rate of 7.5% is fixed for 5 years and amortized over 30 years. |
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$370,000 cash-out refinance loan for this 9-unit apartment building in Rockville CT. The interest rate of 7.85% is fixed for 5 years and amortized over 30 years. |
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$348,000, 80% LTV purchase loan for this 5-Family in Chelsea MA. The interest rate of 7.5% is fixed for 5 years and amortized over 30 years. |
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$265,000 cash-out refinance loan for this 7-unit apartment building in New Bedford MA. The interest rate of 7.05% is fixed for 5 years and amortized over 30 years. |
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$300,000 cash-out refinance loan for this 18-unit apartment building in Hartford CT. The interest rate of 6.875% is fixed for 5 years and amortized over 30 years. |
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$504,000, 80% LTV purchase loan for this 10-unit mixed-use property in Methuen, MA. The interest rate of 6.75% is fixed for 5 years and amortized over 30 years. |
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$684,000, 80% LTV purchase loan for this 23-unit apartment building in Manchester, NH. The interest rate of 6.75% is fixed for 5 years and amortized over 30 years. |
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$963,000, 75% LTV purchase loan for this 28-unit apartment property in Pembroke, NH. The seller gave the buyer a 10% second mortgage which let the buyer purchase the property with just 15% down. The interest rate of 6.5% is fixed for 5 years and amortized over 30 years. |
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$253,400, 80% LTV purchase loan for this 6-Family in Buffalo, NY. The interest rate of 7.75% is fixed for 5 years and amortized over 30 years. |
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$328,000, 80% LTV purchase loan for this 6-unit mixed-use property in Middleboro, MA. The interest rate of 6.75% is fixed for 5 years and amortized over 30 years. |
Since it's founding in June of 1998 Gomberg Financial Services has originated over 400 commercial loans.
If you would like more information on any of our commercial loan programs, please contact our office by phone (781-631-7929) or send us an email. |
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