Multifamily and Mixed-UseStated

General Parameters Multifamily and Mixed-Use Properties
Loan Amount $75,000 to $5,000,000
Loan Term/Amortization 30 year fully amortized
Maximum LTV 75% LTV
Subordinated Financing Yes, 20% Down 10% Seller's Note
DSCR 1.20
Minimum Fico Score 650 Middle Score
Fixed Period 3 & 8 Year Options
Rate Structure 2% Annual - 6% Life Cap
Eligible Borrower C-Corp, LLC, LP/LLP, S-Corp
Tax and Insurance Escrows Monthly deposits required
Recourse Full recourse loan
Prepayment Equal to the Fixed period
Permanent Financing No balloons
Transaction Type Purchase, Refinance, Cash Out Refinance
Property Types 5+ Units on Multifamily Mixed-Used 50% Residential 50% Commercial