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October 2002

$2,850,000 loan with an interest rate below 6%

Gomberg Financial Services of Marblehead, MA is pleased to announce that we have arranged a $2,850,000 refinance loan using the Fannie Mae Three Max Express Program.  The 10-year note is amortized over 25 years and has a fixed interest rate of 5.95%.

Principal John Rodolph was thrilled with the low rate.  He was also pleased with the non-recourse terms and the assumable mortgage feature built into the Three Max Express Program.  The subject properties are two 24-unit brick buildings located in Abington, MA.

Gomberg Financial Services has closed over a dozen Fannie Mae loans over the past year.  Please contact our office for more information.

 80, 94 & 102 Walnut St. and 60 & 78 Dunbar St., Abington, MA