$1,000,000 – $7,000,0000 $750,000 with exceptions
LOCK IN RATE AT APPLICATION – Minimize Interest Rate Risk
LEVERAGE AND DEBT SERVICE CONSTRAINTS
Max LTV: 80% for purchases -80% for refinances – 1.20 DSCR minimum.
80% for purchases -80% for refinances – 1.20 DSCR minimum.
75% for purchases – 70% for refinances – 1.30 DSCR minimum.
Very Small Markets:
Max LTV 75% for purchases – 70% for refinances – 1.40 DSCR minimum.
Step down or yield maintenance. Soft-step downs are also available.
Interest Only Options Available
Max interest only period 1 year for 5 year terms, 2 years for 7 year terms, 3 years for 10 year terms.
Please note: I/O is not available for 5 year loans in small or very small markets, 1 year available for 7 year loans and 2 years available for 10 year loans.
Yes. Subject to 1% fee and lender approval of borrower.
Non Recourse. Standard Bad Boy Carveouts Apply.
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