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SCHEDULE 2 TO MULTIFAMILY LOAN AND SECURITY AGREEMENT Summary of Loan Terms (Interest Rate Type Structured ARM (1 and 3 Month LIBOR)) I. GENERAL PARTY AND MULTIFAMILY PROJECT INFORMATION BorrowerLenderKey
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Interest rate type refers to the classification of interest rates, such as fixed or variable.
Lenders or financial institutions are required to file interest rate type.
To fill out interest rate type, provide the type of interest rate being used for a loan or investment.
The purpose of interest rate type is to specify the rate at which interest is calculated on a financial transaction.
The information reported on interest rate type includes the specific type of interest rate being used.
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