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- Apartment Buildings (5 units or more)
- Student Housing
- Blanket Mortgages
- Ground Leases
- HAP Contract/Section 8 Housing
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Individuals, revocable trusts, maximum 2 member LLC (no sub entities).
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- Second mortgage that increases loan proceeds an additional 5%-10%.
- Term same as primary mortgage.
- One closing.
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| Matches primary mortgage (7-15 years). |
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| Matches primary mortgage (up to 30 years). |
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| Assumable, subject to approval and applicable fees . |
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| Declining Prepayment Fee Schedule. |
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| Increases loan proceeds up to 90% LTV. |
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| Cash out - 3 to 12 months required, up to 90% of orig. purchase price. |
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| Early or standard rate locks available. |
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| $2,500 - $5,000 deposit typically required for appraisal, environmental, and property inspection . |
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| Taxes and Insurance typically required . |
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Include the following in your request for a loan quote:
1. Completed FNMA 1003 Uniform Residential Loan Application.
2. Signed Rent Roll.
3. YTD Operating Statement.
4. Digital Photos of Property.
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