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Apartment Loan
Quick Links |
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>
Banc-Series Recourse
Requirements |
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Banc-Series
Non-Recourse
Apartment Loans -
Requirements -
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CommercialBanc will
allow no recourse to
borrower / guarantor
when the
property’s condition
is rated as
“Excellent” by the
NFR inspection
report. |
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CommercialBanc will
require recourse
from the borrower /
guarantor to varying
amounts, when the
property’s condition
is rated as “Good”
or “Fair” by the NFR
inspection report. |
Banc-Series Apartment
Loans Recourse
Requirements
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Percent
of Personal Recourse |
LTV |
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100%
guaranty of the original
loan amount |
75.00-80.00% |
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50%
guaranty of the original
loan amount |
70.00-74.99% |
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40%
guaranty of the original
loan amount |
65.00-69.99% |
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30%
guaranty of the original
loan amount |
60.00-64.99% |
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20%
guaranty of the original
loan amount |
55.00-59.99 |
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10%
guaranty of the original
loan amount |
50.01-54.99% |
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0
guaranty of the original
loan amount |
50%
and under |
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