Commercial Loan Rates

Terms and rates subject to change without notice.

*5-year term resets twice for an additional 5-years (Prevailing rate & remaining term).

Terms subject to change without notice.

*5-year term resets twice for an additional 5-years (Prevailing rate & remaining term).

Terms and rates subject to change without notice.

*5-year term resets twice for an additional 5-years (Prevailing rate & remaining term). Note that the 5-year initial rate is an introductory rate. 

Terms and rates subject to change without notice.

Maximum Loan Amount $1,000,000. The standard rate index shall be the Prime Rate as reported in the New York Times minus 0.50%. The rate is subject to change as the Prime Rate changes. During the draw period the interest rate shall not be lower than the rate at time of loan closing. A non-refundable application fee is required. Rates subject to change without notice. Line of Credit shall remain open for a maximum of 5 years. Note that the payment will be interest only during the 5 year draw period. Funds availability shall then close and the ending balance will convert to a closed end, fully amortized conventional mortgage for a 15 year term. The rate will be fixed at the prevailing Maspeth Federal Savings Commercial interest rate for the similar type property. All closing costs will be paid by the borrower and will include, but not limited to, mortgage taxes, appraisal fees, attorney fees and title search fees. Closing costs MUST be paid at closing with newly issued Commercial Line of Credit check. Consult with your financial advisor with regard to interest tax deductibility.  

Terms and rates subject to change without notice.

*Converted to fixed mortgage at prevailing rate.