FEATURING FANTASTIC LOAN PROGRAMS FOR
Office Buildings, Retail Centers, R&D, and Industrial Buildings
Loan Size: $750,000 to $10,000,000
ADJUSTABLE RATE LOAN PROGRAMS:
Program
Index
Index Rate
Margin
Rate*
6 Month Adjustable
6 Month Libor
3.250%
2.100%
5.470%
6 Month Adjustable
12 MTA
2.171%
2.600%
4.771%
6 Month Adjustable
11 Dist. COFI
2.183%
2.650%
?? %
*Rates as of March 25, 2005
FIXED RATE LOAN PROGRAMS:
Program
Index
Index Rate
Margin
Rate*
3 Year Fixed
3 Year Treasury CMT
3.87%
2.25%
6.31%
5 Year Fixed
5 Year Treasury CMT
4.16%
2.10%
6.40%
7 Year Fixed
7 Year Treasury CMT
4.35%
2.10%
6.54%
10 Year Fixed
10 Year Treasury CMT
4.52%
2.10%
6.70%
15 Year Fully-Amortizing
10 Year Treasury CMT
4.52%
2.10%
6.70%
*Rates as of March 25, 2005
Pricing Note: Margins and minimum rates may be increased based on overall loan quality.
LOAN PROGRAM INFORMATION
Amortization Term:
25 Years
Maximum Loan Term:
10 Years
Floor Interest Rate:
1% Below initial interest rate, but not less than:
4.50% for 11 Dist. COFI -- 4.00% for 12 MTA -- No floor rate for Libor
Ceiling:
5% Above initial interest rate, but no less than 10.50%
Loan to Value:
70% Maximum
Debt Service Coverage:
1.30:1 Minimum
Recourse:
Recourse to responsible individual is required.
Impounds:
Impound account for property taxes is required.
Processing Fee:
$500
Legal Costs:
$2,500. Billed at actual cost if outside counsel is required.
Other Costs:
Appraisal, environmental, title, and closing costs.
Prepayment Fee:
Adjustable: 2%, 1.5%, 1%, none thereafter. See Account Officer for details.Fixed:See Account Officer for details.
Non-Recourse Loans Available For Those Who Qualify
BE SURE TO ASK US ABOUT
ARM to Fixed Rate Conversion Option
90 Day Rate Lock -- Available on our Fixed Rate Loans
One-Time Loan Assumability
"No-Cost" Loan Option
To apply for any type of loan indicated above, please print, complete, sign, date, and fax or mail the following forms to Castle Funding, Inc.--
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Access Downloadable PDF Forms
Loan margin, rates, and terms are based on the amount of the loan and an analysis of the specific characteristics of the property, such as its type, location, operating history, use, age, and construction, as well as the borrower's financial strength and management experience. All loans are subject to standard terms and conditions in Castle Funding, Inc. loan documents.
Borrower Transaction Registration Form 
