Asked by newinvestor, 91106 • Wed Mar 17, 2010
I just got an offer for a 5yr ARM with the following specifications. Does sound like a good deal?
Property: 6-unit apartment building in Los Angeles
Loan amount: $430K
Rate: Fixed: 6.10% (fixed) then 6-month LIBOR 2.75% (variable)
Guarantor has 800 FICO score.
Real Estate in Pasadena
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