Property Types:
All Multifamily property types

Qualifying Properties:
Properties should be well maintained, “B” or “C” quality or better

Loan Amount:
$100,000 - $500,000,000

Interest Rate:
Fixed and Variable rate options available

Term:
1 – 25 year terms

Amortization:
Up to 30 years available

Prepayment Penalty:
Graduated prepayment

LTV:
80% maximum

Debt Coverage Ratio:
1.25x minimum

Broker’s Fee:
2% - 5%

Third Party Fee:
Includes legal, appraisal, engineering, and environmental reports.  Seismic reports and survey may also be required.

Assumability;
Assumable with lender approval and 1% fee

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