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ELIGIBLE PROPERTIES:
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Designed for existing, multifamily
properties with five or more units and mobile home parks.
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LOAN SIZES: |
$2 Million - $20 Million |
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PROGRAMS:
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Fully
Adjustable, 3 year, 5 year, 7-10 year Fixed |
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MARGINS:
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2.00% to 3.25% |
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FIXED RATE INDEX: |
3, 5, 7, 10 Year Treasury |
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INDEX AT ADJUSTMENT: |
6 Mo LIBOR or 12 MAT |
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AMORTIZATION:
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Typical 25-30 years.
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MIN DSCR:
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1.15:1 to 1.20:1
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TERMS:
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10 years (can provide fully amortizing up to 30 years with
ceiling resets) |
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LOAN-TO-VALUE: |
Up to 80%
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RECOURSE:
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Recourse, partial, non-recourse. Each loan structured separately. |
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PREPAYMENT:
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Declining |
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LOAN FEES:
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Par to 1%, each deal is priced individually. |
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REPORTS:
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Appraisal, Phase 1 Environmental. (Additional reports may be
required on larger transactions.) |
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CLOSING: |
30-45 days. Can price up for faster closing. |
The above margins and guidelines are for informational purposes only an
are subject to change.
Request a Quote |
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Lending Representative Contacts
800-515-1616 Option 3
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