Section 4 - The Official Web Site for The State of New Jersey

A rate of return of 350 basis points over like-term treasuries (rounded up to the nearest quarter); this limit is based on the approximate market cost of borrowing such funds without recourse to the property. An amortization period of 7-10 years. Generally, exception rent situations would warrant a 10 year term. Terms and Conditions of Payment. ................
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