Multifamily Commercial Lending Overview

 

NO Tax returns and Stated income program available

 

Eligible Properties:

* Stabilized properties with at least 5 units in major MSAs and proven management.

*Up to 40% commercial component permitted; student and senior housing eligible for financing.

Loan Amounts:

*$250,000-$10,000,000

Term and Amortization:

Adjustable, 3, 5, 7, and 10 year hybrid loans, typically amortized over 30 years.

Prepayment Penalty:

Typical step-down penalties during the fixed portion of the loan.

Loan to Value Ratio:

Maximum LTV 75% depending on the quality and program.

Debt Coverage Ratio:

Minimum 1.25:1 DSCR

Credit Score: Minimum middle credit score 680

Pricing:

Contact us for daily pricing.

Borrower:

Individuals, Trusts, Limited Liability Companies, Limited Partnerships, Corporations.

Territory:

Nationwide MSA’s with minimum population area of 100,000.

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Click here to contact us and let us know you are interested in this program

 

 

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