The notes will have an average life of 10.5 years, scheduled principal payments. mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending.
With a 30-year fixed-rate mortgage, you have a lower monthly payment but you’ll pay more in interest over time. A 15-year fixed-rate mortgage has a higher monthly payment (because you’re paying off the loan over 15 years instead of 30 years), but you can save thousands in interest over the life of the loan.
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