5 million in accrued interest and a yield maintenance premium
The loan may be prepaid after year seven and before year eleven only upon payment of a yield maintenance premium
and may be prepaid thereafter.
In connection with the repayment of the Senior Notes, the Partnership will be required to pay a yield maintenance premium
of approximately $44.
The Company has mailed a notice of redemption to the holders of its 12% Senior Secured Notes to redeem $105,000,000 of aggregate principal amount of the $160,000,000 outstanding together with accrued interest payable and the yield maintenance premium
Like CRIIMI MAE's original "No-Lock" conduit program introduced last summer, the large "No-Lock" loans would be prepayable anytime -- they have no prepayment "lock-outs" and no yield maintenance premiums