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$100 Million Available For Commercial Real Estate Mortgages

synovus-logo [1]Synovus Bank Offers Low Interest Rate Commercial Mortgages.

Synovus Bank has accumulated a funding pool of $100 million to provide low interest rate commercial real estate mortgages to business owners for their owner occupied properties. The loans will be provided until the entire $100 million has been exhausted (owner occupied properties only).
 
For example:  A borrower who already owes $2,000,000 on a mortgage at 7.0% would save $35,000 per year by refinancing that old loan with a new 5.25% fixed rate loan from the pool. Over 5-years that translates into a savings of $175,000.**
 
• Refinances, construction and purchase money transactions are eligible
• All loans subject to credit approval (only available for owner occupied properties)
• Maximum loan to value (LTV) of 75%
• 5-year fixed rate of 5.25%**
• 15-year fixed rate of 5.99%**
• 20-year amortization schedule on all loans
• Additional terms, restrictions, closing costs, fees** and conditions apply
• **Rates, terms and fees for a limited time only
• **Subject to change without notice, actual savings may vary

For more information contact Stephen Ackoury at (941) 524.7897 or via email at StephenAckoury@synovusbankfl.com [2].

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