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  Premium Multifamily Financing 

 

 FIXED RATE MORTGAGES
June 2017 5 Yrs 7 Yrs 10 Yrs 15 Yrs
 Starting From 3.65% 3.80% 4.00% 4.15%
 

Interest rates can vary, dependING upon lOCATION, LTV & loan size

 

 To learn more call........ 866.811.9217

 

    Loan Parameters
Coverage:   Nationwide    Maximum LTV:  80% 
  Loan Size:   $1,000,000 to $10,000,000 +  Terms:  5-30 years with 30 year amortization
     Loan Features
Liability:  Non-Recourse for most loans  Interest Only: Up to 10 Years
Transferable: Loans are assumable to a buyer for speedy ownership transfer.
Flexibility:  Little restriction on cash out refinances and no deposit relationships required
    Misc. Loan Information
Closing Process:  45-60 days Report Costs:  From $2,500+
Prepayment Penalty: Step Down or Yield Maintenance Options
Minimum Occupancy:  85-90% for loans up to $3MM and 85% for over $3MM for 90 days prior
    Investor Requirements
Minimum net worth  & liquidity needed Minimum credit FICO score of 680
  Live within 100 miles of property or have two years of similar size property ownership experience
    Initial Approval Underwriting Requirements
Current detailed rent roll Rentable square footage of property
A few exterior color photos of the property, "if possible " via email   
Last two year & year to date property operating statements
Current personal financial statement & real estate schedule ( forms can be provided )
A 12 month trailing profit and loss statement by the month is requested.
    Contact
San Francisco  Phone: 415.493.0714
National Phone: 866-811-9217

                                                                           

                                        

 

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