3% Option 2 7 year extension with a fixed interest rate of 4.95%. Option 1 does not require an appraisal. Option 2 requires an appraisal showing a LTV Ratio of 75%. Both options would require amortization of $33,000 per month. IGY is in favor of option 2 and the lender has commissioned an appraisal whic

3% Option 2 7 year extension with a fixed interest rate of 4.95%. Option 1 does not require an appraisal. Option 2 requires an appraisal showing a LTV Ratio of 75%. Both options would require amortization of $33,000 per month. IGY is in favor of option 2 and the lender has commissioned an appraisal whic