Home > Multi-Family > $1,000,000 – $3,000,000
$1,000,000 – $3,000,000
PROGRAM DETAILS
Eligible Properties
- Multifamily, minimum five units
- Mobile home parks with 15+ pads
- Limited mixed use acceptable
- Loan amounts $1,000,000 – $3,000,000, up to $5,000,000 in select markets
- Tiered pricing matrix, more favorable terms available for higher DSC, lower LTV
- Minimum DSC 1.25
- Maximum LTV 80%
- Refundable Application Fee at Closing available
- Prepayment Penalty defaults to yield maintenance, declining prepay pricing available
- Fixed rate loan terms of 5,7,10,15,18, 20/20, & 30/30 available
- Adjustable rates available
- Net worth of guarantors must be greater than loan amount
- Liquidity of at least 6 months debt service
- Middle FICO Score of 680 or greater
- Full recourse & non-recourse available