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:                   Investor Multifamily

                           Property Type:                   Minimum 5 Units

                            Loan Amount:                    $500,000 - $50,000,000

                                           LTV:                    70% - 80%

                                        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