Progress Capital | The Funding Source

Attention:  Co-op Boards

 

Fast Track Early Rate Lock Program Available

• NYC five boroughs
• Pricing from 89-95 basis points over 10 Years Treasury
• Full term I/O available (only 3 basis points add on)
• Par pricing
• Up to 12 months forward lock available;  60 day forward no cost
• Application cost included in spread
• Good Faith rate lock deposit is 1%

If the Co-op Board is facing a pending maturity of an existing loan over the next year, this programs allows the Board to lock-in a rate for up to 12 months.  The program, also allows up to 10 years of interest only payments if this is of interest to the Board.

For more information contact our office and speak to a loan specialist.

 

www.PROGRESSCAPITALADVISORS.com