Multifamily
The Multifamily loan program provides loan amounts up to $5,000,000 at 80% LTV for acquisition or refi nance.
Cash out refi nance to 70% LTV. Investor Full Doc, Investor Plus or Investor Low Doc. We have the programs to
accommodate your clients Multifamily loan needs.
| Program Highlights |
| Max 1st Mortgage loan amount |
|
$5,000,000 |
| 5-year fi xed rates from |
|
5-year swap |
| Combined LTVs to |
|
90% |
| |
|
|
| 5-year ARM, 10-year ARM,30-year Fixed Rates |
Underwritten to property NOI, Net Cash Flow, or globally
(with personal income) |
Qualifying Parameters
This program is designed for multi family properties with occupancy of 80%+.
- Borrower completes our application
- Minimum average credit scores of at least 640
- DSC requirement of 1.1x DSC underwritten to either property NOI, Net Cash Flow, or globally
(with personal income); dependent on loan program
Program Options
- Fixed and Hybrid rate options
- Fully Amortizing 30 year term
- No call provisions or ballon payments
- Multiple prepayment penalty options
- Ability to prepay up to 10% of principle within any rolling 12-month period without prepayment penalty