OREANDA-NEWS. December 3, 2007. Starting from December 1, 2007, Cascade Bank offers to lend up to 80% loan to value, for a maximum term of 16 years at a rate of 11.75%, the bank's press service reported.

For customers up to 35 years old we offer to lend up to 80% loan to value, for a maximum term of 20 years at a rate of 11.50%.

Jonathan Stark, Vice Chairman of the Board of Cascade Bank stated, "This is a major initiative by Cascade to make mortgages more attractive and affordable, with special appeal to the younger generation of borrowers."

This offer applies to mortgage applications presented between December 1, 2007 and 31 March 2008.

Cascade Bank is a partner with World Bank and KfW in domestic heating programs.

In December 2006, Millennium Challenge Account–Armenia exclusively selected Cascade Bank to handle USD 236 million assistance program from the U.S. Government, to be transferred directly into MCA’s account in Cascade Bank over the next five years.

Cascade Bank is 100% owned by Cascade Capital Holdings, which in turn is owned by the U.S.-based Cafesjian Family Foundation.  Cascade Capital Holdings' other operating units include Cascade Credit, Cascade Insurance and Cascade Investments.