Great Multifamily 5+ Units Nationwide -USA
Money
PROGRAM C180 - Multifamily 5+ Units Nationwide
- 5 Yrs Fixed Balloon
- Step down prepayment penalties apply (5,4,3,2,1)
- 55% to 75% Max LTV
- Amort 30 yrs
- As low as 3.57%
- $750K to $100 million
- Middle Score 621+ with large net worth and high liquidity / 680+ mid score
- Net Worth equal to / exceeds loan amount
- Occupancy Requirements: Minimum 90%+ for minimum of 90 days
- Reserves = 6 months principal and interest
- DSCR: Minimum Debt Service Coverage Ratio is 1.20+
- Seasoning for Cash Out Refi’s using Appraised Value: 12 months
- Bankruptcies and or Foreclosures on credit report: Not allowed
- Out of State Borrower: Must be seasoned investor in the area
PROGRAM C280 - Multifamily 5+ Units Nationwide
- 7 Yrs Fixed Balloon
- Step down prepayment penalties apply (5,5,5,4,3,2,1)
- 55% to 75% Max LTV
- Amort 30 yrs
- As low as 3.84%
- $750K to $100 million
- Middle Score 621+ with large net worth and high liquidity / 680+ mid score
- Net Worth equal to / exceeds loan amount
- Occupancy Requirements: Minimum 90%+ for minimum of 90 days
- Reserves = 6 months principal and interest
- DSCR: Minimum Debt Service Coverage Ratio is 1.20+
- Seasoning for Cash Out Refi’s using Appraised Value: 12 months
- Bankruptcies and or Foreclosures on credit report: Not allowed
- Out of State Borrower: Must be seasoned investor in the area
PROGRAM C380 - Multifamily 5+ Units Nationwide
- 10 Yrs Fixed Balloon
- Step down prepayment penalties apply (5, 5, 4, 4, 3, 3, 2, 2, 1, 1)
- 55% to 75% Max LTV
- Amort 30 yrs
- As low as 4.23%
- $750K to $100 million
- Middle Score 621+ with large net worth and high liquidity / 680+ mid score
- Net Worth equal to / exceeds loan amount
- Occupancy Requirements: Minimum 90%+ for minimum of 90 days
- Reserves = 6 months principal and interest
- DSCR: Minimum Debt Service Coverage Ratio is 1.20+
- Seasoning for Cash Out Refi’s using Appraised Value: 12 months
- Bankruptcies and or Foreclosures on credit report: Not allowed
- Out of State Borrower: Must be seasoned investor in the area
PROGRAM C480 - Stated Income Loan
- No Tax Returns, No W-2’s Required
- $200,000 - $1,500,000 Nationwide
- Class I - 75% LTV | Class II - 70% LTV
- 3 year rates range from 7.00% up to 9.375%
- 5 year rates range from 7.375% up to 9.75%
- No Balloon - Rolls to an ARM 6 MO LIBOR plus 5%
- Rates are based on credit score, LTV, and property type
- Cash Out Allowed for Any Purpose
- Max LTV of 65% if paying off an existing note
- Max LTV of 50% if property is free and clear
- Population Requirements:
- Town of 100,000+ or 5,000+ and w/i 25 miles of 100,000+ town
- Purchase / Refinance / Cash-out Refinance
- Class I: Multifamily (5+ units) & Mixed-Use
- Class II: Office, Retail, Warehouse, Self-Storage,
- Mobile Home Parks, Automotive services
- Note: No Office Condos at this time.
- 30 year fully amortizing
- Pre-Payment Penalty: 3 yr - 5,5,5 and 5 yr - 5,5,5,5,5
- Class I - 1.20 | Class II - 1.30
- Mid Score: 650+
Contact: Quen at ebr...@gmail.com for further details.
Commercial Financing Consultant