Multifamily -
New Construction
90% 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
1:10 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs
are financeable.
Rates and Terms determined by
LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
Multifamily -
Acquisition
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
1:18 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs
are financeable.
Rates and Terms determined by
LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
Multifamily - Refinance
85% 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
1:18 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs
are financeable.
Rates and Terms determined by
LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
Multi Family-
Substantial
Rehabilitation
offers
morefavorable
termsthan
traditionaltwo-
stepconstruction
andpermanent
financing. With
this program,
there
isonly
oneclos-
ing,
andone
interestrate
lock,which
isalways
lowerthan
traditionalbank
financing. Thisprogram
utilizesan
interestonly
(interestis
capitalizedinto
the
mortgage)
construction
loanthat
automatically
converts
toa
40-Year Permanent
fixedrate
mortgageupon
completionof
construction.
90%
Loan-to-Value
40
Year
amortization
40
Year
Term
(noballoon)
No
maximumloan
amount
Low,
fixedinterest
rate,based
onmarket spreads
overthe
Ten
Year
Treasury
yield.
“Developer’s
Fee”of
10%of
costallowed
to beused
towardsequity
requirement
No
personalliability
(non-recourse)
Negotiable
pre-paymentterms
1:10
MinimumDebt
ServiceCoverage
This
loanis
alwaysassumable
Third-party
expensesand
loancosts
arefinanceable.
Apply Here
Skilled Nursing/Assisted Living Facility - New Construction
90% 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
No personal liability
(non-recourse)
Negotiable pre-payment terms
1:10 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs
are financeable.
Rates and Terms determined by
LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
Skilled Nursing/Assisted Living Facility - Acquisition
85% Loan-to-Value
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
1:18 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs
are financeable.
Rates and Terms determined by
LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
Skilled Nursing/Assisted
Living Facility - Refinance
85% Loan-to-value, no 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 terms1:18 Minimum
Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs
are financeable. Rates and Terms determined by LTV, credit,
property type and other conditions. This is limited information and
meant for general reference purposes.
Apply Here
Manufactured/Mobile Housing - New Construction
90% 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
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 financeable.
Rates and Terms determined by
LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
Manufactured/Mobile Housing -
Acquisition
80% Loan-to-Value
30 Year amortization
10-30 Year Term
No maximum loan amount
Low, fixed interest rate, based on market spreads over the Ten-Year
Treasury Yield.
No personal liability option
(non-recourse)
Negotiable pre-payment terms
1:20 Minimum Debt Service Coverage
Rates and Terms determined by
LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
Manufactured/Mobile
Housing - Refinance
80% Loan-to-Value
30 Year amortization
10-30 Year Term
No maximum loan amount
Low, fixed interest rate, based on market spreads over the Ten Year
Treasury Yield.
No personal liability option
(non-recourse)
Negotiable pre-payment terms
1:20 Minimum Debt Service Coverage
Rates and Terms determined by
LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
Substantial
RehabilitationInsuredLoan
Program
offersmorefavorabletermsthantraditional
two-step
construction and
permanentfinancing. With
this program,
thereisonly oneclos- ing,
andoneinterest
ratelock,whichisalwayslowerthantraditional
bank financing. This
programutilizesaninterestonly(interestiscapitalized
into themortgage)construction
loanthat
automaticallyconvertstoa40-Year
Permanentfixedratemortgageupon
completionof
construction.
90%
Loan-to-Value
40
Yearamortization
40
Year
Term(noballoon)
Nomaximumloanamount
Low,fixedinterestrate,basedonmarket
spreadsoverthe
Ten
Year
Treasuryyield.
“Developer’sFee”of10%ofcostallowedto beusedtowardsequityrequirement
Nopersonal
liability(non-recourse)
Negotiablepre-payment
terms
1:10MinimumDebtService
Coverage
Thisloanisalways
assumable
Third-partyexpensesandloancostsare
financeable.
Apply Here
Conduit Lending Programs
Property types: Office, industrial,
retail, flagged hospitality
75-80% Loan-to-value
20-30 Year Amortization
10-30 Year Term
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
1:25 Minimum Debt Service Coverage
This loan is always assumable
Low, fixed closing costs
Rates and Terms determined by
LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
HUD
Section 202 Refinance
Program Summary:
Recently, HUD issued policy change H 04-21 to the Section 202
Housing Code. This major policy change allows Section 202
communities
to refinance debt at today’s low rates and use the savings to
improve facilities and enhance the living experience for residents.
90% Loan-to-value, no 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.
Negotiable pre-payment terms
1:18 Minimum Debt Service Coverage
Third-party expenses and loan costs
are financeable.
Net Operating Income and valuation
may utilize Section 8 Contract rentsRates and Terms determined
by LTV, credit, property type and other conditions. This is limited
information and meant for general reference purposes.
Apply Here
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