7000 Challenged Credit Series
Term Sheet
Interest Rates
5 Year Fixed: 6.50%- 6.80%
7 Year Fixed 6.75%- 7.15%
10 Year Fixed 6.84% - 7.25%
Terms
Term 30 Years
Minimum Loan Amount: $750,00
Maximum Loan: $20,000,000
Amortization: 30 Years
2 - 10 Years Interest Only Available
65% - 70% LTV for Purchases
65% - 70% LTV for Refinances – No Cash Out
65% - 70% LTV for Refinances with Cash Out
Recourse
25% Commercial Space Allowed
Pre-Payment Penalty – Declining
Assumable with a 1.00% Fee
1.25 Minimum DSCR
580+ Credit Score
Tax Returns Required
Debt to Income Ratio Required
Full Doc
Multifamily Experience Negotiable
Minimum Net Worth equal to Loan Size
12 Months Post Closing Cash Required
Rate Lock at Application
1.00% Refundable Rate Lock Deposit
CLOSING 97% OF OUR MULTIFAMILY LOANS AS PROPOSED
Getting the right loan and the lowest rate requires wisdom and finesse. If you’re ready to partner with a team of professionals who’ve built a foundation on straight talk and true strategy, we are the loan store for you.
26+ YEARS OF OVER-DELIVERING VALUE.
HUD Loans are one of the best options with the current level of interest rates. For a complete guide to HUD Multifamily Loans please go here: