| ||||||
|
|
May 10, 1999 Celtic Financial Group Announces Application Deposit Refund Program Judd A. Volk, President of CELTIC FINANCIAL GROUP LLC ("CFG"), today announced a new program which enables borrowers to receive back 100% of the application deposits after their loans are closed. For a minimal increase in the loan spread, the returned application deposit includes any loan processing fees and the cost incurred for the professional reports (appraisal, engineering and environmental). Loans are fixed-rate and non-recourse. The option to increase the spread in exchange for the refund is clearly stated in the application. It is the borrower's option to choose either the slightly lower interest rate or the refund. Not all loans qualify for this new program, so please contact CFG for more details on this revolutionary product. CFG is a national originator of commercial and multifamily real estate mortgages. CFG provides mortgages for a variety of real estate properties, including multifamily, office, retail, industrial, hotel, self-storage, manufactured housing and assisted living facilities. CFG offers fixed-rate and non-recourse loans, typically for 10 years or more, with amortization terms ranging from 15-30 years. Loan-to-values reach as high as 85% on certain transactions, and our rates are very competitive. CFG has three financing programs covering a wide variety of property types and loan sizes:
For additional information contact:
| ||||||||||||||||||||||||
Judd A. Volk, President All transactions where we act as a commercial mortgage broker will be handled under the letterhead of GCP Capital Group LLC Send mail to
deals@celticfinancial.com with
questions or comments about this website. |