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    John Carlos Montes Rodriguez
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    This document compares quotes from three different lenders - Lender, Lender Test, and Test C Lender. Lender Test is offering a $2.3 million loan over 23 years at a floating interest rate of 2.33%, with 23 years of interest-only payments and a 45% LTV. Test C Lender is offering a smaller $250,000 loan over 25 years at a higher 3.54% floating interest rate, with 10 years of interest-only and a lower 25% LTV. The loan proceeds, terms, rates, and LTV/LTC ratios differ significantly between the two options.

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    This document compares quotes from three different lenders - Lender, Lender Test, and Test C Lender. Lender Test is offering a $2.3 million loan over 23 years at a floating interest rate of 2.33%, with 23 years of interest-only payments and a 45% LTV. Test C Lender is offering a smaller $250,000 loan over 25 years at a higher 3.54% floating interest rate, with 10 years of interest-only and a lower 25% LTV. The loan proceeds, terms, rates, and LTV/LTC ratios differ significantly between the two options.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Quotes

    Uploaded by

    John Carlos Montes Rodriguez
    This document compares quotes from three different lenders - Lender, Lender Test, and Test C Lender. Lender Test is offering a $2.3 million loan over 23 years at a floating interest rate of 2.33%, with 23 years of interest-only payments and a 45% LTV. Test C Lender is offering a smaller $250,000 loan over 25 years at a higher 3.54% floating interest rate, with 10 years of interest-only and a lower 25% LTV. The loan proceeds, terms, rates, and LTV/LTC ratios differ significantly between the two options.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Quotes Comparison

    Lender Lender Test Test C Lender

    Execution CMBS HUD / FHA

    Loan Proceeds $2,300,000 $250,000

    Term 23 25

    Interest Only 23 10

    Index 2 2

    Spread 2.33% 3.54%

    Interest 0 0

    Rate Type Floating Floating

    LTV 45% 25%

    LTC 67.3% 80%

    Uses

    Purchase Price $250,000 $2,558,889,899

    Capital Improvements $10,000 $251,141,414

    Legal Fees $3,200 $1,105,151

    Origination Fees $23,000 $1,875

    Third Party Reports $1,000 $36,000

    Total Uses $287,200 $2,811,174,339

    Sources

    Loan Proceeds Source $0 $0

    Equity Requirement $287,200 $2,811,174,339

    Total Sources $287,200 $2,811,174,339

    portal.truerate.co | (914)246-8222

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