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7 Welcome to this website. What part of last year were you talking with someone.
With the housing problems and the stock market Rates have changed.
Tell us more, What are you looking for??
The loan is for 2,000,000 I was told of a government loan program of 8% down fixed for 40 years at 5.75 % if you can help let me know if I cant get these rates the deals dead...
This is what my company does, we provide commercial mortgage solutions. I know exactly the program you are talking about, in fact with the Fed's action yesterday the index used for rates, the 10 year treasury is down today. So it looks like rates will be the lowest they have been in a couple of years. This program is for apartment complexes and the fundamentals for multi family properties are still strong and only getting better as, sadly, more people are forced out of their homes.
Feel free to contact me, firstname.lastname@example.org, and I can go into much more detail regarding financing options for apartments. By the way, Since this is an open free message thread I am using my hotmail account. When you contact me I will give you my phone, company name and company email. I just want to be aware of spammers and those who use email accounts for nefarious purposes.