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April 2006

New Gomberg Express Program offers best rates

We are pleased to announce the introduction of the Gomberg Express Program, your alternative to the high fee Fannie Mae Three Max Express. 

Program Highlights Include:

  • Best rates available: in the mid 6's as of June 2006
  • Eligible properties: Apartment buildings with 5 or more units
  • Loan size from $500,000 to $3,000,0000
  • Loan size up to $5,000,000 in select markets, including Boston
  • 80% LTV
  • 5, 7, 10 and 15 year fixed terms - 15 and 30 year amortization
  • Low fixed program closing costs of $3,500 includes third party reports, processing and underwriting
  • 20% commercial influence allowed
  • Assumable
  • Yield maintenance
  • Property must be in good condition
  • Borrower(s) must have good credit and property management experience.
  • 45-50 day start to close timeline

Please contact our office if you would like additional information.