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Term Loans
A Term Loan is ideal for financing "long-term" assets such as buildings,
equipment, leasehold improvements and permanent working capital. Term loans are
usually payable in monthly installments over three to seven years. Terms for
real estate projects can be extended for up to 15 years. In either case,
payments can be based on longer term amortization schedules. Interest rates can
"float" with the Prime Rate, or can be fixed for up to seven years. Such fixed
rates are based upon an increment over base rates published by the Federal
Reserve. (For a general explanation of
interest rates and indexes used by various financial institutions, click here.)
We can help you choose the loan structure that makes sense for you.
If you are interested in income producing investment real estate,
click here for information and assistance from our Real Estate Lending group.
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