Unformatted text preview: 3. What is the periodic cap rate? 5.00 4. Does it apply to both increases and decreases? Yes. 5. Does the cap apply to the first interest rate change? No. 6. What must a buyer of the property do to have the loan continue after purchase? Prepayment penalty. See attachments for details. 1...
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- Spring '10
- Finance, periodic cap rate, standard adjustable rate