FINANCING CONDITIONS AND OBLIGATIONS. This offer is specifically contingent on Buyer s ability to obtain a loan of $1,400,000.00 at an interest rate not to exceed 10% for a term no less than 15 years, and an amortization rate no less than 25 years and with origination fees no greater than 3% within 45 days of CDMEC. ▇▇▇▇▇ shall deliver to seller a true copy of the financing commitment from seller s lender.
Appears in 2 contracts
Sources: Commercial Contract to Buy and Sell Real Estate (Southshore Corp /Co), Commercial Contract to Buy and Sell Real Estate (Southshore Corp /Co)