|
Commercial Mortgage Group arranges bank competitive financing for Multifamily/Apartment
investors including institutional investors, private investors, REITs, and developers. Apartment(+5 units) loans
and Multifamily financing programs are available for the following property types:
Construction - Aquisition - Refinance
Loan size- $2,000,000 - $500,000,000
Low Rise Garden Apartments
- Mid-Rise Apartments
- Student Housing
- Military Housing
- Townhouse Style
- Co-Op
- Condo Conversion
Conduit loan program highlights
- 80% LTV (loan-to-value) ,*90% LTV with Mezzanine
- DSCR 1.20:1
- 10, 15, 20, 30 yr. terms
- Up to 30 year Amortization
- Interest rate typically based on 10yr treasury
- Recourse and Non-Recourse available
- Purchase, refinance, mezzanine or construction loans
- Full Doc.
- Nationwide lending available
Required Documentation for Multifamily Conduit Loans -
- Commercial Loan Application
- Last 2 yrs. Property Operating Statements, incl. YTD.
- Rent Roll and Lease Abstracts
- Personal Financial Statement certified by CPA
- 3yrs.Personal & Business Tax Returns
- Tri-Merge Credit Report for all Guarantors dated within 30 days
- Color Digital Photos of Subject Property
|
