Horace McKnight III's Blog – March 2018 Archive (1)
Multifamily Hard Money Nationwide
Multifamily Loan
Loan Terms
Term Length: 2 years — No pre-payment penalty
Rate: 8.99 – 10% — Interest Only
Loan Limits: $250,000 – $5MM
Loan-to-Cost (Purchase): 80%
Loan-to-ARV (Refinance): 70%
Loan Advantages
Down payment as low as 20% for purchases
No “As-Is” DSCR Requirements
Fees and Closing…
Added by Horace McKnight III on March 15, 2018 at 1:58pm — No Comments
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