AAY Investments Group is pleased to announce the New Prime Loan program for quality commercial projects.
Below are the details:
- The program offers a pure loan for up to 100% value.
- Interest is based on US Prime Rate and is adjustable, this means the interest rate will always be whatever the prime rate is.
- Qualified borrowers must have minimum readily available 10% of own funds of the loan value to be paid to lender.
- Minimum lending amount USD 10 Million to USD 100 Million.
- Approved projects must have full collateral to loan value.
- Insurance wrap or other guarantees may be required on jumbo size loans.
- Program is best suited to financially stable established borrowers.
- Benefits of program is borrower retains all projects equity.
- US Prime rate is currently 4.25%.
- Applications for this program now being accepted in the inquiry section via the official AAY Investments website.