Presidential Bank - Multifamily Loan Programs

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Multifamily Loan Programs

Representative Transactions	Multifamily Pre-Qualification Loan Calculator
Property Types	Lending Area
Existing Multifamily Rental Properties, Minimum Five Units	Eastern & Central Time zones
Loan Amounts	Loan Types
$100,000 to $2,500,000 Higher amounts may be available to qualified borrowers	Variable rates: monthly, 1 -, 3- and 5-year ARMs Three and five year fixed-rate loans
Loan Maturities	Loan to Value Ratio
Up to 10 Years	To 75% on Purchases and Refinances To 70% on Cash-out Refinances
Debt Service Coverage	Amoritization
Net Operating Income must be at least 1.20 times debt service	Up to 25 Years
Rate Adjustment Index	Origination Fee
Prime Rate (per Wall Street Journal) l-, 3-, or 5-year U.S. Treasury Constant Maturity Yield (per Federal Reserve Board)	1 % of Loan Amount
	Contact:
	Steve Marr

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last 05/05/2008 lmm
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