| Loan Amounts: |
$500,000 to $10,000,000 |
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| Rates: |
Highly competitive with a wide array of rate plans, including: |
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| Loan Terms: |
3, 5 and 7 year fixed terms followed by Floating Rate periods up to 30 years |
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15 year fixed with 15 year amortization |
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| Loan Value: |
Up to 80% on purchase, rate and term refinance and cash out refinance |
| Clear Loan to Value: |
Up to 85% with our Mezz. Loan |
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| Eligible Properties: |
Existing apartment properties with 5 + units. Retail, Office, Warehouse, Light Industrial, Commercial Condo’s, Self Storage,and Mixed Use (Limited mixed use OK). No properties with deferred maintenance in excess of 5% of value. |
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| Territory: |
Available in most major markets |
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| Fees: |
$4250 covers Appraisal, Legal, Vista (environmental), Registration and Closing Docs. |
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$6250 for mobile parks, plus $500 refnudable rate lock deposit |
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| Prepayment: |
Fixed Declining (no yield maintenance) |
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| Arms Caps: |
Varies with loan program |
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| Arm Margin: |
Varies with loan program |
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| Borrower Credit: |
A and A+ Credit |
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| Additional Info: |
C quality properties OK, as long as, well maintained and in stable markets |
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| Phase I: |
Not required on most properties |
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| Recourse: |
Full Recourse, Limited Recourse and New Release available depending on LTV & DCR |
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