|
Loan Size
- $500M to $3MM - up to $5MM in select markets*
Pricing
- Rates starting under 6.5%
- Tiered pricing based on LTV and DSCR
- Buy downs available
Location
Programs
Highly competitive with a wide array of rate plans including:
- 3, 5, 7 and 10 year balloons
- 25 and 30 year amortizations
- 2 year interest only structures available
Prepayment
- Yield Maintenance
- No prepay during last 90 days of term
Personal Guaranty
- Non-recourse in select markets*
- Step-down recourse depending on LTV
Minimum DSC
Fees
- Fixed at $3,500 due at Registration
- $1500 processing/underwriting fee
- Property condition report required based on asset condition/quality
Loan-to-Value
- 80% for purchase, rate & term refinance and cash out refinance
Rate Lock
- 30-day forward lock available at U/W approval
- 2% deposit credited at closing
|
|
