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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, revocable trusts, 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
- Minimal documentation
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| 3, 5, 7 and 10 year terms available. |
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| Assumable, subject to approval and applicable fees . |
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| 11.00 - 1.20, depending on the credit worthiness of the borrower |
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| Declining Prepayment Fee Schedule. |
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80% Purchase
75% Refinance (Cash Out)
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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 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
2. Signed Rent Roll
3. Digital Photos of Property
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