| Property Types: |
******Program has been suspended****** |
| Loan Amounts: |
$750K - 5MM |
| Terms: |
Adjustable 2,5,10,20 and 25 years |
| Amortization: |
15-25 Years |
| Minimum DSCR: |
1.25X- Acquisition/ 1.50X- Refinance |
| Maximum LTV: |
85% |
| Rate Benchmark: |
Prime/FHLB/Swap Rate |
| Margin: |
75 - 600 basis points |
| 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: |
50 days from complete due diligence package |
| Rate Lock: |
60 days from executed Commitment |
