PORTFOLIO LOANS

Max LTV 75%-80%

  • ARM Floating, 3-year, 5-year, 7-year, 10-year, 15-year fixed rates

  • 30-year, 40-year, 25-year, 20-year, 15-year amortization schedules

  • Step down and no prepayment penalty structures

  • Minimum loan amounts of $1M

  • No tax return programs are available

  • Early rate locks available

  • Non-recourse, partial recourse, and recourse options are available

  • Rates vary: Starting at 5.75%-6.25%

MARKET RENT LOANS

Up to 80% LTC

  • Qualified on market rents instead of actual rents to maximize leverage

  • 24-60 month loan terms

  • Full term & partial I/O

  • No prepayment and soft step-down prepayment penalty

  • Loan terms subject to the business plan and proforma take-out financials

  • Rates vary: Starting at 7.25%-8.25%

BRIDGE/CONSTRUCTION LOANS

Up to 90% LTC

  • 6-36 month loan terms

  • Loan terms subject to the business plan and proforma take-out financials

  • Rates vary: WSJ PRIME + 50-250 basis points

AGENCY LOANS

Fannie Mae

Max LTV 80%

  • 5, 7, 10, 12, 15, and 30-year fixed rate

  • 30-year amortization

  • Yield maintenance and declining prepayment penalties

  • Non-recourse

Freddie Mac

Max LTV 80%

  • ARM Floating, 5, 7, and 10-year fixed rates

  • 30-year amortization

  • Yield maintenance and declining prepayment penalties

  • Non-recourse

  • Full term & partial interest only available