There’s a lot of uncertainty in the economy and future, having long term fixed rate financing is a serious advantage.
Birmingham, MI (PRWEB) November 09, 2011
CFA, Inc. is pleased to announce the availability of a 25 year fully fixed commercial loan program for either the purchase or refinance of commercial real estate loans. The loan program is available nationwide, with loan amounts between $750,000 to $13,000,000 and at 85% - 90% loan to value. Current interest rates on this program are in the 5%’s.
CFA, Inc. is a provider of commercial mortgage and SBA loans throughout the nation. They work with both commercial real estate investors and owner users (businesses that own the building that they occupy). More information can be found at their web site cfa-commercial.com.
CFA, Inc. is seeking borrowers that want to refinance or purchase a new building for their business with low, long term fixed rate financing. “There’s a lot of uncertainty in the economy and future, having long term fixed rate financing is a serious advantage. Rates are only going to go up from here. Borrowers that take advantage of this program will not have to face a balloon in 5 or 7 years when rates will likely be much higher. Unfortunately, most borrowers will have to deal with this.” Comments Jeff Rath, President of CFA, Inc.
The 25 year fixed program is commonly available at 90% financing and 85% for special purpose properties. Current interest rates are in the mid to upper 5%’s for general use properties. The borrowers business has to occupy at least 51% of the building and the cash flow in 2010 and year to date has to be positive to qualify. Minimum credit scores of 675 with no lates in the last 4 years.
CFA, Inc. can be contacted on their website at cfa-cmmercial.com. Their website contains more detailed information on the 25 year fixed program as well as more information on other commercial loans that they offer.