Can I get 40yr FIXED 3.25% loan on completed residential construction take-out NOTE $750,000.00 $ 5 Million value?

Can I get 40yr FIXED 3.25% loan on completed residential construction take-out NOTE $750,000.00 $ 5 Million value?

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Answered by rustin-claus
property in LA County Malibu | 07.15.14 @ 20:12
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 19:38
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Answered by rustin-claus
need willing lender in area | 07.15.14 @ 20:13
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 19:38
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello:

You're reported loan to value on $750k to $5 million should certainly fit well within lending guidelines. The interest rate however, like all proposed transactions, will depend on your credit score, type of loan (we are not seeing too many 40yr amortization loans out there anymore), and other factors as well. Keep in mind as well that there is usually a waiting period on new home purchases whereby the owner cannot "cash-out refinance" (pull out equity) for a specified period of time. My recommendation would be to start with a visit or call to a reputable loan officer that can look over your documentation and the overall situation. | 07.16.14 @ 20:47
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 19:38
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