Non-Recourse Multifamily Small Loan Program (ID: M2202)

Seeking Multifamily Financing between $1.0 – $7.5 Million? This program provides long term, fixed rate mortgage financing at low rates.  Unlike most local banks who require personal guarantees, all loans are non-recourse. 
NON-RECOURSE MULTIFAMILY SMALL LOAN PROGRAM
ID: M2202
FEATURED
$1.0 - $7.5 Million
  • CAPITAL SOURCE
    Fannie Mae SBL / Freddie Mac SBL
  • 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
    20 yr. Hybrid ARM w/ initial 5, 7 or 10 yr fixed-rate period
  • INTEREST RATE
    Fixed
    Variable rate options available
  • AMORTIZATION
    Up to 30 yrs
    INTEREST ONLY - AVAILABLE for full or partial term
  • LOAN-TO-VALUE
    Up to 80%
  • DSCR
    1.20x min / Market specific
  • RECOURSE
    Non-Recourse (subject to standard carveouts)
  • PREPAYMENT
    Declining schedules & Yield Maintenance options
  • OTHER
        Occupancy - Min. 90% occupancy for 90 days prior to underwriting
        Assumability - Loans may be assumed upon sale (subject to satisfactory buyer)
        3rd Party Reports - Reduced cost and streamlined Inspection & Environmental
        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
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Inquiries / Questions?

 
617-292-7177
Ted Sidel | Chad LaBonte | Brian Walsh
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