Property Types

Existing multifamily rental properties, minimum five units


Lending Areas

Eastern and Central time zones


Loan Amounts

$100,000 to $4,000,000*


*Higher amounts may be available to qualified buyers.


Loan Types

Variable rates: monthly, 1-, 3-, and 5-year ARMs
Three and five year fixed-rate loans


Loan Maturities

Up to 10 years


Loan to Value Ratio

Up to 75% on Purchases and Refinances
Up to 70% on Cash-Out Refinances


Debt Service Coverage

Net Operating Income must be at least 1.20 times debt service


Amortization

Up to 30 years


Rate Adjustment Indices

Prime rate (per Wall Street Journal)
l-, 3-, or 5-year Swap Rate (per Federal Reserve Board)


Origination Fee

Competitive Fee Structure

Last Modifications: 4/10/2014 5:00:54 PM