The rates are: 1- Fixed at Wall Street Journal Prime + 1 (currently 7.0%) 2- Variable at Wall Street Journal Prime + .50 (currently 6.5%). This rate is based on you opening an account for automatic loan payment with Millennium Bank. Otherwise the variable rate is Wall Street Journal Prime + 75 basis pts. (currently 6.75%) The variable rate loan will have a floor of 6%.
Both loans will balloon in 7 years, with a 25 year amortization, have a 1% origination fee of the loan amount, and you will be responsible for all other third party fees that Millennium Bank should incur.
* MOL = More or Less
Sotheby's International Realty(trademark symbol) is a registered trademark licensed to Sotheby's International Realty Affiliates, Inc.
Each Office Is Independently Owned and Operated.
Ten Peaks Sotheby's International Realty P.O. Box 9220 69 Marksberry Way Breckenridge, CO 80424