Varied commercial real estate loans for portfolios of Fractured Condos, Multifamily and Scattered Single Family Homes.
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Fractured Condo, Scattered Single and Multi-Family Portfolios

 Acquisition FinancingRented Stabilized Portfolios
Interest RatesStarting 8% Starting at 5.5%
Loan AmountUp to 80% of Cost
1:25 DSC Minimum
Up to 75% LTV
1:20 DSC Minimum
Term12 - 24 Months5 - 10 Years
Loan Amount$1 M to $50 Million$500 K to $100 Million
Closing Times3 - 4 Weeks4 - 6 Weeks
RecourseNONE
Loan Cost1.5% under $3M, 1% over $3M
AssumableYES
Appraisals
BPO
required for values over $250,000
for values under $250,000
Underwriting Cost$200/property for all due diligence
Lender Legal Costs5,000 ($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