multifamily apartment acquisition
Brett VA

Multifamily Acquisition Loans:

  • 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
  • 1:20 Minimum Debt Service Coverage
  • This loan is always assumable
  • Third-party expenses and loan costs are financible