CONVENTIONAL MULTI-FAMILY SUMMARY
(Also can be used to finance Mobile Home Parks)

LOAN AMOUNTS $500,000 to $5,000,000

AMORTIZATIONS -15 TO 30 YEARS

FIXED PERIODS

3 Years, 5 Years, 7 Years, 10 Years with 20 -30 Year Amortizations
15 Year Fixed

No Balloons - All fixed period products become 6 month Libor Adjustibles + 2.50%

Interest Only is Available for Inital Term

80% Loan to Value (85% with Mezzanine 'B" Loan)

Assumable for 1% Fee

Rates between 6.50% - 7.50% Call for Pricing

NON-RECOURSE Below 50% Loan to Value

Replacement Reserves are Not Collected

60 Day Rate Locks are Available

Note: While this loan may not yield the lowest Rate, it does provide less stringent underwriting, no mandatory refinance after 10 years, no requirement of Replacement Reserves, lower closing costs and capped prepayment penalties that are not costly upon early retirement of the loan.

 

 

 

 

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