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NICKERSON FINANCIAL CORPORATION
MULTI-FAMILY/
COMMERCIAL REAL ESTATE
FINANCING
NEW
ENGLAND/NATIONWIDE
*
Small Multi-family Loan Program
*
PROGRAM HIGHLIGHTS:
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Loan Size: |
$500,000 to $5,000,000 |
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Term: |
5-7 and 10 years |
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Amortization: |
Up to 30 years |
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Loan-to-Value: |
Up to 75% |
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Lender Fee:
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.1%(10 Basis points) |
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NFC Fee: |
Typically 1% of loan amount, paid at closing |
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Lender Legal: |
$2,200 (capped) |
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Third Party: |
None (lender does in house
appraisal/no environmental for loans under $5M) |
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Assumable: |
Yes |
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Recourse:
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Non-recourse |
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Supplemental Loan: |
Yes, after 12 months |
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Rate Lock: |
Yes, at time of application |
Call for Rates and Terms:
Pre-Payment
Penalty: Yield Maintenance (step down available
would increase rate)
For further
information contact:
Doug or Bob Nickerson Phone:
508-563-2300, Fax 508-563-2277
E-mail:
Doug.nfc@verizon.net,
bob.nfc@comcast.net
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