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The preliminary findings of the funding summary
are as follows: |
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Total estimated capacity = 10.5m - 18.0m FUNDING
COMPONENTS
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MAIN BORROWING OPTIONS Bond Issuance
- 20-30 term at 4% - 5% interest rate
- No prepayment penalty
- Potential for interest only payments for
first 2 years
- Possible higher up front costs
Traditional Mortgage
- 30 term at approx 6%
interest rate
- No prepayment penalty
- Variable interest rate
- Lower up front costs
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