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June 2006

We have become direct lenders for 4 excellent apartment loan programs

We are pleased to announce the formation of the Gomberg Lending LLC, a direct commercial lender. 

Our loan programs include:

Gomberg Express Program
This program is an excellent alternative to the Fannie Max 3 Max Express Program.  It offers the best rates available on 5, 7 and 10 year fixed terms, 80% LTV and low fixed closing costs.  Loan amounts from $500,000 to $3,000,000.  For apartments or mixed-use buildings with 5+ units.

Gomberg Nationwide 80 Program
This program offers competitive interest rates for 3, 5, 7, 10 and 15 year fixed terms with no balloon, 80% LTV and low fixed closing costs.  Loan amounts from $500,000 to $5,000,000.  For apartments or mixed-use buildings with 5+ units.

Gomberg Nationwide 90 Program
This program offers everything that the Gomberg Nationwide 80 Program does, but additionally it allows a CLTV of 90%.  This higher LTV is achieved by the seller giving the buyer a 10% second mortgage on a property the buyer already owns.

Gomberg Nationwide 85 Program
This program offers 85% CLTV Mezzanine financing.  The minimum loan amount is $1,000,000.  The 80% LTV first mortgage offers competitive interest rates for 3, 5, 7, 10 and 15 year fixed terms.  The 5% second Mezzanine piece is at a higher interest rate and fully amortized over 5, 7 or 10 years.

Please contact our office if you would like additional information.