Refinance
WHY REFINANCE NOW?
The summer of 2008 may provide Innkeepers the most favorable long term financing opportunities they have had since the Prime Rate was last 4%. Reductions in Prime combined with developments in the financial markets are working together now and we are seeing stabilization in loan programs and improved long term interest rates.
Who can predict when interest rates will hit bottom? How long will rates stay at any one level? How can one know when to jump in and begin the process to time the peaks and valleys in the market?
It is any one’s guess, but it generally takes 45 to 60 days to process and close a commercial loan, for that reason now may be a good time to begin the process so that you are ready should you decide it prudent to take advantage of the current market.
Program 1
Conventional
- Cash Out Re-finance up to 80% loan to value
- $100,000 to $5,000,000
- Up to 30 year fully amortized term
- 48 to 72 Hours Pre-approval upon receipt of complete package
- 45-60 days for most closings
- Loans may be assumed by Qualified Borrower/s
- Annual Financials are not Required
Program 2
Stated Income/ No Doc
- NO TAX RETURNS REQUIRED!
- Loans to 75% of value (LTV)
- $100,000 to $750,000
- Up to 30 year fully amortized terms
- 48 to 72 Hours Pre-approval upon receipt of complete package
- 45-60 days for most closings
- Loans may be assumed by qualified borrower/s
- Annual financials are not required
Get in touch with Rick Newman today!
Call (877) 595-2120 now!
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Contact Information
RR2 Box 2943, Route 447
Canadensis, PA 18325
ccnllc@gmail.com
Phone: 1-877-595-2120
Fax: 570-227-0049
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