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- Apartment Buildings (5 units or more)
- Mixed Use (not to exceed 40% commercial)
- Student Housing
- Blanket Mortgages
- Ground Leases
- HAP Contract/Section 8 Housing
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Individuals, corporations, revocable trusts, partnerships, maximum 2 member LLC (no sub entities).
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- Low interest rates
- 10 - 30 year fixed rates
- Low third party costs
- Can underwrite with 3 months stabilized income
- Interest only option available
- Low debt coverage ratio options available (for low cap rate markets)
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| 6 month, 3, 5, 7, 10, and 30 year terms available. Up to 40 years. |
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| Both non-recourse and recourse programs. |
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| Assumable, subject to approval and applicable fees |
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| 1.15 Purchase, 1.20 Refinance, .90 for low cap rate markets* |
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| Have four options - call for details |
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80% Acquisitions - 85% with Seller Financing
Up to 80% Cash Out on Refinances |
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| Cash out - 3 to 12 months required, up to 90% of orig. purchase price |
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| Properties may be eligible after one year for second mortgage offered by lender up to 80%. |
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| Middle credit scores of 640 and over generally required |
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| Early or standard rate locks available. . |
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| $2,500 to $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 or Personal Financial Statement.
2. Current Rent Roll
3. YTD Operating Statement
4. Past two years financial statements on property
5. Copy of Purchase and Sales Agreement (if applicable)
6. Digital Photos of Property
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