BRIC LLC…

[Anthony Henry]

BRIC LLC…

 

Apartment Building Conventional Program

6 Month Libor ARM 3.950% 3.30% 6 Mo LIBOR 1.20 75/70 30/30

3 Year Fixed 3.960% 3.00% 6 Mo LIBOR 1.25 75/70 30/30

5 Year Fixed 3.860% 3.00% 6 Mo LIBOR 1.25 75/70 30/30

7 Year Fixed 4.690% 3.00% 6 Mo LIBOR 1.25 75/70 30/30

10 Year Fixed 5.130% 3.00% 6 Mo LIBOR 1.25 75/70 30/30

A. Loan sizes: $500,000 to $10MM. Origination fees apply for loans $250,000 to $499,999, please call.

B. Above pricing based for Tier 1, A properties in Major Metro Mkts, min 700 credit, experience & 15% liquidity. Tier 2 Program for Major Metro, min 680 & 10% liquidity.

Add 24-54bps to rates for Tier 2 Program. Tier 3 Program for Nationwide Markets will have rate increase of 80-110bps and 1.35 DCR, max LTV 65% on Purchases and 60% on Refi.

C. Cash out Max LTV 70% (Metro) & 60% (Nationwide). Min. 2-3 years ownership req'd.

D. Low LTV Price Reduction for Tier 1 & 2 markets - 15bps if 65% LTV or less; 25bps reduction if 55% LTV or less. Loans under $500,000 are not eligible.

We don’t lend on raw land, construction, assisted living, restaurants, bars, or gas stations (although we will lend on auto repair or auto body shops)
At BRIC LLC, we handle all of the processing for you. The process is simple:
www.thebric.com

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