Multifamily – Acquisition / Refinance
- 85% Loan-to-Value – Acquisition or Refinance
- 80% Loan-to-Value for Cash-Out Refinance
- 35-Year Amortization
- 35-Year Term (no balloon)
- 7.5% Seller promissory note allowed for down payment requirements (Acquisition Only)
- Low, fixed interest rate, based on market spreads over the Ten-Year Treasury yield.
- No maximum loan amount
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:18 Minimum Debt Service Coverage
- This loan is provisionally assumable
- Third-party expenses and loan costs are financeable.