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Special-Purpose Properties


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




 

 

 

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