|
 |
Multifamily Lending Programs
| Property Types: |
Multifamily and Mobile Home Park (20 units and greater) |
| Loan Amounts: |
$1.5MM - 50MM |
| Terms: |
2,3,5,7,10 Years |
| Amortization: |
15-30 Years |
| Minimum DSCR: |
1.20X |
| Maximum LTV: |
75-80% |
| Recourse: |
Varies subject to project quality and LTV. |
| Rate Benchmark: |
SWAP Rates/ US Treasury Bond |
| Margin: |
300-500 bps |
| Geographic Location: |
Nationwide |
| Closing: |
Borrowing Entity - Single Purpose Entity
Escrows- Required for Taxes and Insurance |
| Third Party Reports: |
PCA- Property Condition Report
Phase I - Environmental Survey
MAI Appraisal |
| Application Fee: |
None |
| Funding: |
45 days from complete due diligence package | |
|
| Back to Lending Programs
|
