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Owner Occupied Property Loans

 

Property Type:

******Program has been suspended******

Loan Amounts: $750K - $2MM
Terms: 3-36 Months
Amortization: Interest Only
Minimum DSCR: 1.25X
Maximum LTV: 65%
Rate Benchmark: Prime
Margin: 700-1200 bps
Geographic Location: Nationwide
Closing: Borrowing Entity - Single Purpose Entity not required
Prepayment - Declining fixed
Assumption- Allowed
Escrows- None
Third Party Reports:

Phase I- Environmental Survey 
MAI Appraisal 

Application Fee: None
Funding: 10-20 days from complete due diligence package
Rate Lock: At commitment




 

 

 

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