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Multifamily Acquisition and Refinance Loans
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APPLY HERE
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85% Loan-to-Value 85% Loan-to-Value (80% on cash out Refinance)
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35 Year Amortization
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35 Year Term (no balloon)
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7.5% Seller promissory note allowed for down payment requirements on acquisitions
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No maximum loan amount
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Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
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No personal liability (non-recourse)
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Negotiable pre-payment terms
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1:20 Minimum Debt Service Coverage
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This loan is always assumable
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Third-party expenses and loan costs are financible
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