ELIGIBLE PROPERTIES:

Multifamily and apartment properties with five or more units.

LOAN SIZES:

$1million+

LOAN TERMS:

5 to 35 Year terms are available.

PRICING:

Based on the risk profile of the loan.

ORIGINATION FEES:

From 0%

MAXIMUM AMORTIZATION:

35 Years

MINIMUM DSCR:

1.11x

MAXIMUM LTV:

85%

RECOURSE:

Full, partial or non-recourse with standard carve-outs.

PREPAYMENT:

Yield Maintenance, Defeasance and Graduated Prepayment Premium options available.

INTEREST RATES:

Fixed and variable rates are available.

THIRD PARTY REPORTS:

Appraisal, Phase I and Physical Needs Assessment are required.

ESCROWS:

Replacement reserve, taxes and insurance.

ASSUMPTION:

Typically assumable subject to review and approval of the new borrower’s financial position.