Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity.

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income property > fixed rate loans with low prepayment fees

Fixed Rate with Low Prepayment Fees

This loan features a 15-year maturity. It begins with a fixed rate for 3, 5, 7 or 10 years and then converts to a variable rate for the remainder of the term. The rate is locked upon application. Prepayment fee is only 6 months interest after initial 2-year lockout period.

Multifamily Interest Rates

Commercial Interest Rates

No Lender Legal Fees, No Reserve Accounts & No Yield Maintenance

Product Description

Fixed Rate Loans with Low Prepayment Fees

Minimum Loan Amount $1,000,000
Maximum Loan-to-Value 75% commercial; 80% apartments
Minimum Debt Service Coverage 1.20
Loan Terms 10 years; 7 & 15/15 terms available
Loan Fee 1%
Amortization 25 – 30 years based on age & condition
Rates

Multifamily Interest Rates

Commercial Interest Rates

Prepayment Declining percentage over 3 to 5 years
Secondary Financing Generally permitted with Lender approval
Assumability Allowed with approval for 1% fee
Borrower Any Legal Structure
Recourse Generally required but may be negotiable
Lending Area Nationwide, prefer population centers

 

Please contact an Account Executive

Rate and terms subject to change without notice

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