TMM - News

FMT in $50 million commercial offer

Wednesday 15th of May 2019

The non-bank lender is offering an interest-only 5.99% floating rate for commercial borrowers, and launched the deal earlier this month. 

FMT will take a 1% fee irrespective of the contract term, and will loan $750,000 to a maximum of $10 million, according to marketing materials.

Buildings must have an alternative use, and can not be single purpose properties. Annual rent...

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