NYC Stated Multifamily Loans
Purchase and Refi
15 units or more, absolutely no less
75% LTV
DSCR 1.25
Rates below 3.5% Self adjusting for full term. Loan adjust every 5 years so borrower does not have to refinance. No balloons .
Available in 4 boroughs ONLY (Manhattan, Bronx, Brooklyn, Queens)
Stated - No personal tax returns. Underwriting criteria based on property only.
FICO 710+
Chris Cambridge
(646) 535-8336
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