Updated almost 7 years ago on . Most recent reply
Maine lender terms bit controlling
anyone but me think lender bank in maine who hitting me with 1-5 points per year for 5 yrs on commercial loan bit controlling?
they are using my equity in 3 unit for both 20% and repair money and 80% of 200k purchase of 10 unit.
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That looks like a prepayment penalty to me, not points. Seem like pretty standard terms all around.