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Construction – Perm

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  • #10947
    Rich
    Member

    We have an opportunity to originate a 20 year construction-perm loan for a customer. We negotiated an 18 month construction phase at a fixed rate, and the remainder at a variable rate subject to a rate adjustment every 5 years.

    We have never done anything like this before, and I have NO IDEA how to proceed. HELP!!

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  • #10954
    rcooper
    Member

    Rich,
    We will contact you this afternoon.
    Thanks.

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