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Many
of the people who appreciate the economic elegance and sensibility
of owning a fractional property choose to leverage their real
estate purchase. NextStar presents an attractive and dependable
financing program previously unavailable in this emerging real
estate market. Aggressive rates and a variety of options make
our consumer financing program a great complement to the overall
real estate transaction. We offer:
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Four attractively priced adjustable rate mortgages (ARMs): a 1/1, 3/1, 5/1, and 7/1 ARM (interest rates subject to market conditions)
30-year amortized term with no prepayment limitations or penalties (shorter amortizations available upon request)
Up to 70% financing (no balloon payments required)
For Borrowers who prefer more than 70% financing, please contact us or visit www.firstagain.com/nextstar to learn more about an additional lending opportunity
At the end of the initial fixed rate period, annual rate adjustments are indexed to the current One-Year LIBOR weekly average plus a margin of 3.50% (no interest rate floors)
Interest rate adjustments are capped annually and over the life of the loan depending on loan program
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Beyond financing options for fractional properties, NextStar Funding also offers exceptional financing products and services for vacant land, estate lots, and condohotels .
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