"Flexible Fixed" - Long Terms, Flexible Prepays

Apartments 5+ units, Mixed-use with no more than 20% income from commercial. No maximum starting at $1,000,000.


Product Type

Stabilized multifamily properties with at least 5 units

Purpose

Purchase, rate and term refinance, cash out

Interest Rates

Fixed for 5, 7 10, 15 or 30 years

Term

40 years maximum

Amortization

25 to 40 years

Debt Coverage Ratio

1.25 minimum

Loan-to-value

90% maximum

Prepayment Penalty

Declining Prepayment or Yield Maintenance Schedules - last 90 days open