| Property Types: |
Multifamily, Mobile Home Park, Student Housing, Senior Housing |
| Loan Amounts: |
$5MM & Up (Lower loans amounts are considered on a case by case basis) |
| Terms: |
3-30 Years |
| Amortization: |
15-30 Years |
| Minimum DSCR: |
1.25X |
| Maximum LTV: |
80% |
| Recourse: |
Non-Recourse |
| Interest Only: |
1-3 Years (Subject to asset quality) |
| Rate Benchmark: |
US TSY/SWAP Rate |
| Margin: |
150bps and Up |
| Forward Rate Lock: |
Up to 12 months |
| Geographic Location: |
Nationwide |
| Prepayment: |
Flexible structures available |
| 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 |
