Multifamily Loans

New Multifamily Construction

87% Loan-to-Cost
Interest-only construction loan converts to 40-year permanent
Construction interest is financeable
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
1:15 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs are financeable
Land equity is a credit to liquidity requirements

Multifamily Acquisition Loan

87% Loan-to-Value
35 Year Amortization
35 Year Term (no balloon)
6.5% Seller soft second may be allowed
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
1:15 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs are financeable

Multifamily Substantial Rehabilitation Loan

87% 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
1:15 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs are financeable

Multifamily Loan Refinance

87% 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
1:15 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs are financeable