Residential PropertiesStated

General Parameters Residential Properties
Loan Amount $75,000 to $2,000,000
Loan Term/Amortization 30 year fully amortized
Maximum LTV 70% LTV
Subordinated Financing Case by case
DSCR NOT REQUIRED ON SFR & CONDOS
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 Impounds for taxes and insurance is required
Recourse Full recourse loan
Prepayment Equal to the Fixed period
Permanent Financing No balloons
Transaction Type Purchase, Refinance, Cash Out Refinance
Property Types SFR, Condo, Townhomes, 2-4 Units