Varied commercial real estate loans for portfolios of Fractured Condos, Multifamily and Scattered Single Family Homes.
Fractured Condo, Scattered Single and Multi-Family Portfolios
|Acquisition Financing||Rented Stabilized Portfolios|
|Interest Rates||Starting 8%||Starting at 5.5%|
|Loan Amount||Up to 80% of Cost |
1:25 DSC Minimum
|Up to 75% LTV
1:20 DSC Minimum
|Term||12 - 24 Months||5 - 10 Years|
|Loan Amount||$1 M to $50 Million||$500 K to $100 Million|
|Closing Times||3 - 4 Weeks||4 - 6 Weeks|
|Loan Cost||1.5% under $3M, 1% over $3M|
|required for values over $250,000
for values under $250,000
|Underwriting Cost||$200/property for all due diligence
|Lender Legal Costs||5,000 ($2,000 for loan amounts under $1M)|
Pre-Payments: 5 year is 4.5 years yield maint, 10 year is 9.5 years yield maint.
Sell offs: Each property assigned a loan amount and is paid off at 120%. Loans above $5M we can substitute assets to avoid prepays.
For more information on this and other commercial real estate loan programs, call 800-536-3371 ext: 101