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Eligible
Properties: Multifamily and apartment properties with
five or more units.
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Loan Sizes:
$1million +
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Loan Terms:
5 to 35 Year terms are available.
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Pricing:
Based on the risk profile of the loan.
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Origination
Fees: From 0%
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Maximum
Amortization: 35 Years
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Minimum DSCR:
1.11x
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Maximum LTV:
85%
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Recourse:
Full, partial or non-recourse with standard
carve-outs.
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Prepayment:
Yield Maintenance, Defeasance and Graduated Prepayment
Premium options available.
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Interest Rates: Fixed and variable rates are
available.
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Third Party
Reports: Appraisal, Phase 1 and Physical Needs
Assessment are required.
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Escrows:
Replacement reserve, taxes and insurance.
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Assumption:
Typically assumable subject to review and approval of
the new borrower's financial position.
If you
require additional information, or would like to speak
to one of our commercial financing specialists, please call
us at 888.488.3807 or
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