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
