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 |