|
Apartments
| Property Types: |
Multi-Family (Correspondent) |
| Lending Area: |
Nationwide |
| Loan Size: |
$500,000 - $100,000,000 |
| Loan to value: |
80% |
| Minimum DSCR: |
1.25x |
| Loan Terms: |
3, 5, 7, 10, 15, 30, 40 Year terms available |
| Amortization: |
30 Years |
| Securitized by: |
First Mortgage Lien |
| Interest rate: |
Starting at U.S. Ten Year Treasury Bill + 100 bps |
| Fees: |
Typically 1 point + 3rd parties |
| Prepayment/lockout: |
Yield Maintenance/Defeasance/Declining Prepayment |
| Terms Available: |
Up to 40 year on Multi-family. Up to 30 year on all other
property types |
| Prepayment: |
Yield Maintenance/Defeasance/Declining
Prepayment structures available |
| Recourse: |
Non-Recourse (with standard carve-outs) |
| Assumption: |
Generally permitted, subject to lender’s approval with a 1% fee. |
| Closing Period: |
45-60 Days from executed application |
| Unique Features: |
Stated Income programs available
|
| Property Types: |
Multi-Family (FHA) |
| Lending Area: |
Nationwide |
| Loan Size: |
$500,000 - $100,000,000 |
| Loan to value: |
Up to 90% |
| Loan Terms: |
10, 35, 40 Year terms available |
| Amortization: |
Up to 40 Years |
| Securitized by: |
First Mortgage Lien |
| Interest rate: |
Starting at U.S. Ten Year Treasury Bill + 100 bps |
| Fees: |
Typically 1 point + 3rd parties |
| Prepayment/lockout: |
Declining Prepayment |
| Terms Available: |
Up to 40 year on Multi-family. Up to 30 year on all other
property types |
| Prepayment: |
Yield Maintenance/Defeasance/Declining
Prepayment structures available |
| Recourse: |
Non-Recourse (with standard carve-outs) |
| Assumption: |
Generally permitted, subject to lender’s approval with a 1% fee. |
| Closing Period: |
45-60 Days from executed application |
| Unique Features: |
Up to 40 Year Fixed rate, self-amortizing loan |
| Property Types: |
Multi-Family (Conduit) |
| Lending Area: |
Nationwide |
| Loan Size: |
$500,000 - $100,000,000 |
| Loan to value: |
Up to 85%, Typically 80% |
| Loan Terms: |
5, 10, 20, 30 Year terms available |
| Amortization: |
30 Years |
| Securitized by: |
First Mortgage Lien |
| Interest rate: |
Starting at U.S. Ten Year Treasury Bill + 100 bps |
| Fees: |
Typically 1 point + 3rd parties |
| Prepayment/lockout: |
Yield Maintenance/Defeasance |
| Terms Available: |
Up to 40 year on Multi-family. Up to 30 year on all other
property types |
| Prepayment: |
Yield Maintenance/Defeasance/Declining
Prepayment structures available |
| Recourse: |
Non-Recourse (with standard carve-outs) |
| Assumption: |
Generally permitted, subject to lender’s approval with a 1% fee. |
| Closing Period: |
45-60 Days from executed application |
| Unique Features: |
Small loan program from $500,000 - $5,000,000, capped 3rd parties at $15,000 |
| Property Types: |
Multi-Family (Bank) |
| Lending Area: |
Nationwide |
| Loan Size: |
$500,000 - $100,000,000 |
| Loan to value: |
Typically 80% |
| Loan Terms: |
3, 5, 7, 10, 15, 20, 25 Year terms available |
| Amortization: |
Typically 25 Years |
| Securitized by: |
First Mortgage Lien |
| Interest rate: |
Starting at Prime minus 100 bps |
| Fees: |
Typically 1 point + 3rd parties |
| Prepayment/lockout: |
Declining Prepayment |
| Terms Available: |
Up to 25 year on Multi-family |
| Prepayment: |
Yield Maintenance/Defeasance/Declining
Prepayment structures available |
| Recourse: |
Non-Recourse (with standard carve-outs) |
| Assumption: |
Generally permitted, subject to lender’s approval with a 1% fee. |
| Closing Period: |
45-60 Days from executed application |
| Unique Features: |
Take-down, interest only financing available for underperforming properties |
|
|
