... mostlikely assess a fee, or penalty, for prepaying the loan. Prepayment penaltyfees are structured in numerous ways and can sometimes be substantial. A loan with a five-year term, for example, may have ... third-party reports, which may include an appraisal,an environmental report, an engineering inspection, and a survey. Whilelocal banks, conduit lenders, and specialty lenders all require an appraisal and ... of the apartment building you are buying and the particular lender requirements.Assumption of LoanThe assumability of loans varies widely among lenders. As a value player, youmay or may not...