Affordable Housing Apartment Loans

Affordable Housing Apartment Loans 2018-05-30T14:24:06+00:00

Targeted Affordable Housing Express

Loan Amounts $1,000,000 – $10,000,000

With TAH Express you’ll benefit from easier prescreening, standardized underwriting and prepayment flexibility when financing stabilized properties under $10 million.  Affordable Housing Loans just got Easier

  • MARKETS: Nationwide

  • LOAN AMONTS: $1M-$10M

  • LOAN PURPOSE: Acquisition or Refinance

  • Loan Terms: 5,7,10,15 Year Fixed rate – 5,7,10 Year Floating Rate

  • Amortization : 30 Years

PROGRAM HIGHLIGHTS

• ARM and fixed-rate options

• Full-Term Interest Only Available

• Up to 80% LTV/1.20x min DSCR in Top Markets

• 30-year amortization

• Declining prepayment option

• Lower transaction costs

• Certainty of execution

ELIGIBLE TRANSACTIONS

Uncapped multifamily stabilized properties with one or more to the following affordable characteristics

• LIHTC properties in at least year 11 of their compliance period

• Long-term HAP Contracts

• Regulatory Agreements that impose rent/income restrictions

• Tax Abatements

• Section 8 Vouchers

Application Fees:

  • $7,000 (covers 3rd Parties – Appraisal, Eng, Env, O&M’s)
  • 10 basis points of Loan Amount (Freddie Mac processing fee)

Borrower Requirements:

  • 9 months principal and interest liquidity
  • Net worth greater than the loan amount.
  • Minimum 650 credit score.
  • No bankruptcies, foreclosures, deed-in-lieu, or defaults for 7 years.
  • Borrower must be a US entity (single asset not required, but preferred).

READY TO SUBMIT YOUR LOAN TO OUR EXPERTS?

APPLY NOW