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New ARM program with Great Rates
We are pleased to announce a great new ARM product that is available for Commercial and Multi-Unit (5+) Residential Properties located in Eastern Massachusetts.
Current rates, which are subject to change, are as follows:
- 3/1 ARM — 5.25%
- 5/1 ARM — 5.875%
- 7/1 ARM — 6.50%
- 10/1 ARM — 6.99%
Other program highlights include:
- Loan amounts up to $5,000,000
- Up to 80% LTV, even on cash-out refinances
- Amortization up to 25 years
- 0 points to the End Lender
- No Balloon
- Rate can be locked at time of application
- Interest rate based on Prime plus 1%
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