Investor Multi-Family
A multifamily property must have a minimum of 5 units in order to quality. Mixed-use properties that have some commercial use (such as street level retail) and are at least 50% residential apartment units are also eligible for multifamily pricing with most loan programs.
Typical Properties:
* Multi-family or apartment building (minimum of 5 units required)
* Mixed-Use Multi-family (Minimum 50% apartment units)
Summary:
Product Type: Multifamily
Property Type: Minimum 5 Units
Loan Amount: $500,000 - $75,000,000
LTV: 80%
90% on new construction
CLTV: N/A
Amortization / Term: 30/10, 30/7, 30/5
FICO: 680
DSCR: 1.20
Non-Eligible: Ground Lease, <5 units, Senior Housing
Cash-out: Subject to review
Collateral: Real Property
