| |
 |
|
|
Min Loan
Size |
$400,000 |
Max Loan
Size |
$15,000,000 |
|
|
LTV |
80% |
CLTV |
85% |
|
|
Amortization |
30 Years |
Payment Type |
P/I or Interest Only |
|
|
Fixed
Period |
3, 5, 7, 10,
15 Year |
Documentation |
Full |
|
|
Recourse |
Full -
Limited |
Prepayment |
Decreasing
Term |
|
|
Lock Out |
No |
Assumable |
Yes 1% Fee |
|
|
DSCR |
1:20 |
Credit
Score |
640 |
|
|
Points |
0 |
1 Fee
Closing |
Starts at
$5,795 |
|
|
Appraisal |
Limited FHLMC 71 |
Closing
Time |
30-45 Days |
|
|
Rate Lock |
60 Days |
Impounds |
Tax and
Insurance |
|
|
Property
Quality |
A,
A-, B+
|
Mixed-Use |
25% |
|
|
Rental Subsidies |
Yes |
Minimum Occupancy |
90% |
|
|
Lease
Documentation
Leases or 3
Month Property
Specific Bank
Statements |
|
|
Mezzanine Option
Mezzanine A/B
Component to 85%
CLTV |
|
|
 |
|
|
|
