|
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| Property Types: |
Multifamily- MHP/ Office/ Industrial/ Retail |
| Loan Amounts: |
$1MM - $5MM |
| Terms: |
2-5 Years |
| Amortization: |
15-30 Years |
| Minimum DSCR: |
1.20- 1.25X |
| Maximum LTV: |
75% |
| Recourse: |
Full recourse |
| Rate Benchmark: |
SWAP Rate |
| Margin: |
350bps and up |
| Geographic Location: |
Nationwide |
| Prepayment: |
Flexible structures available |
| Lockout: |
None |
| Closing: |
Borrowing Entity - Single Purpose Entity
Escrows- Taxes & Insurance required |
| Third Party Reports: |
PCA- Property Condition Report
Phase I - Environmental Survey
MAI Appraisal |
| Application Fee: |
None |
| Funding: |
45 days from complete due diligence package | |
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