Multifamily - New Construction
90% Loan-to-Cost
Interest-only construction loan that automatically converts to
40-year permanent financing
40 Year Amortization
40 Year Term (no balloon)
No maximum loan amount
Low, fixed interest rate, based on market spreads over the
Ten-Year Treasury Yield
“Developer’s Fee” of 10% of
cost allowed to be used towards equity requirement
No personal liability
(non-recourse)
Negotiable pre-payment terms
1:10 Minimum Debt Service
Coverage
This loan is always assumable
Third-party expenses and loan
costs are financeable.
Rates and Terms determined
by LTV, credit, property type and other conditions. This is
limited information and meant for general reference purposes.
Apply Here
Multifamily
- Acquisition
85% Loan-to-Value
35 Year Amortization
35 Year Term (no balloon)
7.5% Seller promissory note
allowed for down payment requirements
No maximum loan amount
Low, fixed interest rate, based on market spreads over the
Ten-Year Treasury Yield
No personal liability
(non-recourse)
Negotiable pre-payment terms
1:18 Minimum Debt Service
Coverage
This loan is always assumable
Third-party expenses and loan
costs are financeable.
Rates and Terms determined
by LTV, credit, property type and other conditions. This is
limited information and meant for general reference purposes.
Apply Here
Multifamily - Refinance
85% Loan-to-Value (80% with cash out)
35 Year Amortization
35 Year Term (no balloon)
No maximum loan amount
Low, fixed interest rate, based on market spreads over the
Ten-Year Treasury Yield.
No personal liability
(non-recourse)
Negotiable pre-payment terms
1:18 Minimum Debt Service
Coverage
This loan is always assumable
Third-party expenses and loan
costs are financeable.
Rates and Terms determined
by LTV, credit, property type and other conditions. This is
limited information and meant for general reference purposes.
Apply Here
Multi Family- Substantial
Rehabilitation
offers
more
favorable
terms
than
traditional
two-
step
construction and
permanent
financing.
With
this program,
there
is
only
one
clos- ing,
and
one
interest
rate
lock,
which
is
always
lower
than
traditional
bank financing. This
program
utilizes
an
interest
only
(interest
is
capitalized
into the
mortgage)
construction
loan
that
automatically
converts
to
a
40-Year
Permanent
fixed
rate
mortgage
upon
completion
of
construction.
90%
Loan-to-Value
40
Year
amortization
40
Year
Term
(no
balloon)
No
maximum
loan
amount
Low,
fixed
interest
rate,
based
on
market spreads
over
the
Ten
Year
Treasury
yield.
“Developer’s
Fee”
of
10%
of
cost
allowed
to be
used
towards
equity
requirement
No
personal
liability
(non-recourse)
Negotiable
pre-payment
terms
1:10
Minimum
Debt
Service
Coverage
This
loan
is
always
assumable
Third-party
expenses
and
loan
costs
are
financeable.
Apply Here
Skilled Nursing/Assisted Living Facility - New
Construction
90% Loan-to-Cost
Interest-only construction
loan that automatically converts to 40-year permanent financing
40 Year Amortization
40 Year Term (no balloon)
No maximum loan amount
Low, fixed interest rate, based on market spreads over the
Ten-Year Treasury Yield
No personal liability
(non-recourse)
Negotiable pre-payment terms
1:10 Minimum Debt Service
Coverage
This loan is always assumable
Third-party expenses and loan
costs are financeable.
Rates and Terms determined
by LTV, credit, property type and other conditions. This is
limited information and meant for general reference purposes.
Apply Here
Skilled Nursing/Assisted Living Facility - Acquisition
85% Loan-to-Value
35 Year Amortization
35 Year Term (no balloon)
No maximum loan amount
Low, fixed interest rate, based on market spreads over the
Ten-Year Treasury Yield
No personal liability
(non-recourse)
Negotiable pre-payment terms
1:18 Minimum Debt Service
Coverage
This loan is always assumable
Third-party expenses and loan
costs are financeable.
Rates and Terms determined
by LTV, credit, property type and other conditions. This is
limited information and meant for general reference purposes.
Apply Here
Skilled Nursing/Assisted Living Facility -
Refinance
85% Loan-to-value, no cash out
35 Year amortization
35 Year Term (no balloon)
No maximum loan amount
Low, fixed interest rate, based
on market spreads over the Ten-Year Treasury Yield.No personal
liability (non-recourse) Negotiable pre-payment terms1:18
Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan
costs are financeable. Rates and Terms determined by LTV,
credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
Manufactured/Mobile Housing - New Construction
90% Loan-to-Cost
Interest-only construction loan
that automatically converts to 40-year permanent financing
40 Year Amortization
40 Year Term (no balloon)
No maximum loan amount
Low, fixed interest rate, based on market spreads over the
Ten-Year Treasury Yield
No personal liability
(non-recourse)
Negotiable pre-payment terms
1:20 Minimum Debt Service
Coverage
This loan is always assumable
Third-party expenses and loan
costs are financeable.
Rates and Terms determined
by LTV, credit, property type and other conditions. This is
limited information and meant for general reference purposes.
Apply Here
Manufactured/Mobile
Housing - Acquisition
80% Loan-to-Value
30 Year amortization
10-30 Year Term
No maximum loan amount
Low, fixed interest rate, based on market spreads over the
Ten-Year Treasury Yield.
No personal liability option
(non-recourse)
Negotiable pre-payment terms
1:20 Minimum Debt Service
Coverage
Rates and Terms determined
by LTV, credit, property type and other conditions. This is
limited information and meant for general reference purposes.
Apply Here
Manufactured/Mobile Housing - Refinance
80% Loan-to-Value
30 Year amortization
10-30 Year Term
No maximum loan amount
Low, fixed interest rate, based on market spreads over the Ten
Year Treasury Yield.
No personal liability option
(non-recourse)
Negotiable pre-payment terms
1:20 Minimum Debt Service
Coverage
Rates and Terms determined
by LTV, credit, property type and other conditions. This is
limited information and meant for general reference purposes.
Apply Here
Substantial
Rehabilitation
Insured
Loan Program
offers
more
favorable
terms
than
traditional
two-
step
construction and
permanent
financing.
With
this program,
there
is
only
one
clos- ing,
and
one
interest
rate
lock,
which
is
always
lower
than
traditional
bank financing. This
program
utilizes
an
interest
only
(interest
is
capitalized
into the
mortgage)
construction
loan
that
automatically
converts
to
a
40-Year
Permanent
fixed
rate
mortgage
upon
completion
of
construction.
90%
Loan-to-Value
40
Year
amortization
40
Year
Term
(no
balloon)
No
maximum
loan
amount
Low,
fixed
interest
rate,
based
on
market spreads
over
the
Ten
Year
Treasury
yield.
“Developer’s
Fee”
of
10%
of
cost
allowed
to be
used
towards
equity
requirement
No
personal
liability
(non-recourse)
Negotiable
pre-payment
terms
1:10
Minimum
Debt
Service
Coverage
This
loan
is
always
assumable
Third-party
expenses
and
loan
costs
are
financeable.
Apply Here
Conduit
Lending Programs
Property types: Anchored
Shopping Centers, Urban/Suburban Office Buildings and
Multi-Tenant Industrial properties.
50-70% Loan-to-value
30 Year Amortization
5 Year Fixed Rate Term
$5 million minimum loan size -No maximum loan amount
Low, fixed interest rate, based on market spreads over the Ten
Year Treasury Yield.
No personal liability
(non-recourse)
Negotiable pre-payment terms
1:50-2.00 Minimum Debt Service
Coverage
This loan is always assumable
Low, fixed closing costs
Rates and Terms determined
by LTV, credit, property type and other conditions. This is
limited information and meant for general reference purposes.
Apply Here
HUD
Section 202 Refinance
Program Summary:
Recently, HUD issued policy change H 04-21 to the Section
202
Housing Code. This major policy change allows Section 202
communities
to refinance debt at today’s low rates and use the savings
to improve facilities and enhance the living experience for
residents.
90% Loan-to-value, no cash out
35 Year amortization
35 Year Term (no balloon)
No maximum loan amount
Low, fixed interest rate, based on market spreads over the
Ten-Year Treasury Yield.
Negotiable pre-payment terms
1:18 Minimum Debt Service
Coverage
Third-party expenses and loan
costs are financeable.
Net Operating Income and
valuation may utilize Section 8 Contract rentsRates and
Terms determined by LTV, credit, property type and other
conditions. This is limited information and meant for general
reference purposes.
Apply Here
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