Special Conditions & Comments
This was a Freddie Mac nonrecourse permanent fixed rate acquisition loan.
Loan terms: 75% LTV, fixed rate of 4.38%, 10 yr term (balloon), 30 yr amortization, I/O for 3 yrs, declining prepayment penalty 5544332211, no monthly escrows except for Real Estate Taxes and no holdbacks. No Phase I ESA is required.
Loan was funded in 63 calendar days from the day the Loan Application was signed.