Seeking Multifamily Financing between $4.0 – $100+ Million? This program provides long term, fixed or variable rate mortgage financing at low rates. Unlike most local banks who require personal guarantees, all loans are non-recourse.
NON-RECOURSE MULTIFAMILY LOAN PROGRAM
ID: M2203
FEATURED
$4.0 - $100+ Million
- CAPITAL SOURCE
Fannie Mae / Freddie Mac - MARKETS
United States - PROPERTY TYPES
Multifamily (Rental Apartment Buildings)
Minimum - 5 Units or more per property - LOAN PURPOSE
Acquisition or Refinance - TERM
5-30 years - INTEREST RATE
Fixed
Adjustable rate options available - AMORTIZATION
Up to 30 yrs
INTEREST ONLY - AVAILABLE for full or partial term - LOAN-TO-VALUE
Up to 80% - DSCR
1.25x min - RECOURSE
Non-Recourse (subject to standard carveouts) - PREPAYMENT
Yield Maintenance & Declining options available - OTHER
Occupancy - Min. 90% occupancy for 90 days prior to underwriting
Assumability - Loans may be assumed upon sale (subject to satisfactory buyer) & 1% Fee
Supplemental Financing - Future funding may be available during term - IDEAL FOR A SPONSOR...
Seeking long-term / fixed rate fixed financing
Who wants to avoid personal guaruntees from local banks
Who may be interested in an Interest-Only period
Seeking to lock in a low interest rate and improve cash flow
