Chase Commercial Term Lending Gives You “4 For Free”
Chase Commercial Term Lending’s Greg Werly (pictured) recently financed the purchase of a 90-unit multifamily property in DC. The non-recourse, $4.8M fixed-rate loan featured five years of interest-only, a 30-year term, and a flexible prepayment schedule with the ability to recapitalize the property as early as 24 months from funding without penalty. The borrower was attracted to Chase’s low-cost execution, which did not include any lender legal fees or other third-party costs that would typically be incurred by the borrower. For a limited time, the following fees are paid by Chase when purchasing or refinancing your stabilized apartment building: processing fee, appraisal fee, filing fee, and lender legal fees. This “4 For Free” special comes courtesy of Chad Tredway, head of Commercial Term Lending for the Northeast, who is leading the charge for Chase as being your best multifamily financing option. For more info on our sponsor, click here.