News: Financial Digest
Posted: September 12, 2007
Gomberg Lending arranges $4.2 million refinancing for apartments
Gomberg Financial Services has arranged a $4.2 million, 80% LTV cash-out refinance loan for a 28-unit over 55 housing complex.
The loan is interest only for the first five years, then becomes fixed for an additional 5 years at a rate fixed at 130 basis points over the 10-year Treasury Bill.
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