$8 million investment property purchase with 62.50% lender financing.
Insignia Mortgage underwrote the cash flow and approximate net equity in the borrower’s real estate holdings as well as verified down payment from several business bank accounts, including foreign bank holdings. The loan was made to a Limited Partnership with a foreign national as the general partner. The escrow closed in under 40 days.
Loan Terms
- $5 million dollar line of credit
- 2-year term
- Prime + 1.2550%
- Interest Only
- No prepayment penalty
- 30-day close of escrow