Larger franchise operators that have a financial executive may be more likely to consider an
adjustable rate loan, because they have an eye to financial statements and can make a decision on when to pay down debt or to refinance into a fixed-rate product.
While some borrowers are locking in long-term, fixed-rate financings, others are taking great advantage of Freddie's seven-year,
adjustable rate loan structure," stated Throne.
Remember, a good lender, once he or she understands your financial situation, should be able to present several scenarios, which include getting a second mortgage, refinancing the first mortgage, getting an
adjustable rate loan or simply cashing out the equity in your home.
APF provided this financing through Freddie Mac utilizing a bifurcated structure with an $80 million fixed-rate component; and an additional $15 million
adjustable rate loan component.
San Bernardino businessman Duke Djanbatian owns three rental properties and a home in Lake Arrowhead, financing all with some form of an
adjustable rate loan.
Nima Nattagh, an analyst at FNC, which supplies real estate market information to the mortgage banking industry, said buyers should also be careful in selecting an
adjustable rate loan.
A seven year,
adjustable rate loan for $100,000with two points paid up front has an interest rate of 7.
To meet our client's needs, we arranged an
adjustable rate loan at today's highly-favorable rates," said Mr.
This has increased our cost of funds, which should ultimately be passed on through increases in our
adjustable rate loan portfolio.
Gordon, Chairman and Chief Executive Officer, stated, "The Company experienced strong
adjustable rate loan originations throughout the month of April, while at the same time booking a steady stream of new adjustable rate multi-family and commercial loans into the loan pipeline.
The seven-year, Freddie Mac,
adjustable rate loans are secured by a 78-property portfolio of independent living facilities located in 30 states across the country.
8 percent in the greater San Fernando Valley during July as trouble with
adjustable rate loans continues to mount, a university research center said Tuesday.
