Charles

Our Updated Lending Parameters

Property Types: Commercial, Multifamily, and 1-4 Unit Long-Term Leased Investor Residential (Income Producing Properties only)
Lending Areas: Nationwide U.S. lending except ND, NV, and SD in Primary and Secondary Markets (Top 120 MSAs)
Loan Amounts: $400,000 - $4,000,000
Loan Structure: Fixed Rate Mortgage Loans. 5, 7, or 10 year terms.
LTV: Up to 65.0% (70% Case by Case)
DSCR Minimum: 1.20x
Credit Score Minimum: None
Amortizations: 5 or 30 Years
Recourse: Full
Prepayment: Locked for half the term and opens up during the last 3 months for free; in between at a penalty of 3-5pts declining 1% per year
Debt Yield: Minimum 8.0% (7.5% for multifamily or high-grade assets)
Rate Considerations: Dependent on LTV, Debt Yield, DSCR, and Borrower Experience. Contact us for details.
Rate Adjustments: Property Type, Credit Score, Borrower Net Worth/Liquidity, Loan Purpose, and Market Size.
Loan Reserves: 12 Months of PITI Reserves required.
Deposits and Fees: Variable. Contact us for details.

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