MULTI FAMILY APARTMENT FINANCING
Commercial Real Estate Capital Markets - Non-Recourse Lending 2014
For More Information, Please Call 610-578-0715
Loan Amount: $750,000-$50,000,000 Million Dollars
Liability: Non-Recourse (NO TAX RETURNS REQUIRED)
Assumability: Yes
Minimum Debt Cover: 125% of principal and interest payments
Maximum LTV: 80% - purchase or refinance, Cash Out and INTEREST ONLY AVAILABLE.
Available Loan Terms: 5, 10, 12, 15, or 30 years
Maximum Amortization: 30 Years
Minimum FICO Score: 680 Minimum for each Key Principal
Minimum Net Worth: Equal to the proposed loan amount
Acceptable Markets: Major urban centers nationally, very flexible please inquire about your property
Occupancy: Minimum of 90% for 90 continuous days
Replacement Reserves: Typically Waived
Closing timeframe: 30 days from application