4403 Securitized Multifamily Loan Series

Interest Rates
35 year Fixed 4.29%

 

Terms
Term 35 Years
Minimum Loan Amount: $3,000,000
Maximum Loan: $150,000,000
Amortization: 35 Years
80% LTV for Purchases
80% LTV for Refinances – No Cash Out
75% LTV for Refinances with Cash Out
Non-Recourse Available
25% Commercial Space Allowed
Pre-Payment Penalty – Declining
Assumable with a .50% Fee
1.176 Minimum DSCR
Mortgage Insurance (MIP) Required
Property Must be Put into Very Good Condition
Rehab Allowed

Borrower Qualifications
660+ Credit Score
No Tax Returns Required
No Debt to Income Ratio
Stated Income
Multifamily Experience Required
No Minimum Net Worth Requirement
Post Closing Cash Negotiable

 

Rate Lock at Loan Approval