Fixed Rate Loan


Also found in: Acronyms.

Fixed Rate Loan

A loan with an interest rate that does not change over the life of the loan. For example, if one borrows money at a fixed interest rate of 10%, then 10% is amortized over the maturity of the loan and thus payments never change. A fixed interest rate differs from a variable interest rate, which may change, at least within certain parameters. Most home mortgages in the United States are fixed rate loans.
References in periodicals archive ?
The robust rent roll and high level of historical occupancy were factors in providing Goodrich with a non-recourse, competitive 10-year fixed rate loan term.
Additionally, recent homebuyers (within the last several years) who used an interest-only or adjustable rate mortgage are turning to fixed rate loans as they refinance and take advantage of equity.
Sean Mooney arranged a $1,025,000 fixed rate loan for the cash-out refinance of a mixed use property located at 220 5th Avenue Brooklyn, NY.
4 million dollar fixed rate loan to 122 Peter Street LLC for the self storage facility located at 3322 Hudson Ave, Union City, NJ.
The lender, Inland Bank, provided a fixed rate loan covering 85 percent of the cost of the acquisition," said Michael S.
Unlike traditional bank commercial mortgage programs in which interest rates may typically adjust every six months, California Bank & Trust PLATINUM Loan program offers 10-year or longer fixed rate loans priced at highly competitive fixed spreads over Treasuries.
A ten year, fixed rate loan in the amount of $2,650,000 was obtained by Len Solinsky for a thirteen unit multi-family property in the Bronx.
The loan was originated by ARCS' San Francisco office through Fannie Mae's Fixed Rate loan product.
The 10-year, fixed rate loan had a coupon rate of 5.
The 10-year, fixed rate loan consists of a $61 million senior tranche and a $5.
Prudential provided a $56 million seven-year fixed rate loan and a $14 million five-year floating rate loan, with both loans cross-collateralized and secured by the same asset pool.
Bear Stearns provided a 15-year, fixed rate loan priced over the 10-year treasury on behalf of The Cotswold Group of New Rochelle, New York.