| |
Multi-Family Real Estate Loans |
| Property Type: |
5 units or more |
| Loan Term: |
3, 5, 7, or 10 years |
| Loan Amount: |
$250,000 to
$8,000,000 |
| Loan Amortization |
Up to 30 years |
| Rates: |
2.75% over the 6
month LIBOR |
| Loan to value: |
up to 75% LTV, Max
CLTV 85% |
| Debt Service
Coverage: |
1.15:1 to 1.20:1 |
| Bank Fees: |
1% Par pricing
and PAR available to mortgage professionals only. |
| Recourse: |
Recourse |
| Assumption Permitted: |
Fully Assumable |
| Prepayment Fee: |
Prepayment period 3
year fixed 3-2-1%, 5 yr fixed 4-3-2-2-1% 7 and 10 yr
fixed 4-4-3-2-2-1% |
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