Program Guidelines

Loan Amounts: $200,000 to $5,000,000
Property Types: Multifamily 5+ units, Mobile Home Parks, Mixed Use, Office, Retail, Lt Industrial, and Self-Storage
Lending Areas: Nationwide except – AK, ND, SD Min. Credit Score: Generally 550 (<550 case-by-case)
Index: 6-Mo. LIBOR Personal Recourse:  Required
Margin: 4.00% Rate Buydown: Available
Rate Caps: 1.00%/1.00%/6.00% lifetime Rate Lock: Rates not locked until loan docs are drawn
Floor: Initial Rate Loan Fee: 0.50%-1.50% (dependent on loan size and complexity)
Prepayment: Step Down: 5,4,3,2,1 Loan Fee covers processing, underwriting and docs

Arden Gist

Office Hours 8am -9pm est

877-570-5594

email ag29577@gmail.com

www.GistGroupLLC.com 

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I come across seller financed multi apartment deals that usually require 20% down.  Do you fund down payments on these deals?

Gilbert Meilleur

gilbert@providentialhomes.com

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