We just closed a deal in the Palisades in which the buyer put only 10% down for an interest only loan. The deal closed in thirty days with a very competitive interest rate and the process was very smooth. The deal is offered through a wealth management bank but the buyer is not required to place assets with them. They offer 10% down with all of their products if you are not an interest only fan. You must have a FICO score of 760 to qualify. If you are interested in learning more about this feel free to contact me at
john.skinner@thepartnerstrust.com.
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