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 > Fannie Mae DUS

Fixed Rate: Lowest Rate Multi-Family & MHP

Fannie Mae DUS Fixed Rate Conventional MBS
Property Description:

Loans for refinance, purchase or construction take-out of quality well located multi-family properties nationwide. Big advantage to these loans are
1). Lowest rates and 2) loan can be increased without affecting pre-payment clause

Minimum Loan Amount:

$2 million

Maximum Loan-to-Value:80%
Minimum Debt Service Coverage:

1.25

Loan Terms:

5, 7, 10, 15, 25 and 30 years

Loan Fee 1%
Amortization:

30 years typically

Rates:

Fannie Mae Rates

Prepayment: Typically:
  • 4.5 years yield maintenance on 5-year term
  • 3, 5 or 6.5 years yield maintenance on 7-year term
  • 5, 7 or 9.5 years yield maintenance on 10-year term
  • Yield maintenance varies 15, 18, 25, 30 year term
Secondary Financing:

DUS second mortgage available after one year and subject to approval.

Assumability:

Allowed with approval for 1% fee

Borrower:

Single-asset entity

Recourse:

Loans are non-recourse with standard carve outs.

Lending Area:

Nationwide

 

Please contact an Account Executive

Rate and terms subject to change without notice

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Other programs include: non-recourse loan | apartment mortgage loan | joint venture real estate
commercial equity loan | commercial rehab loan | structured financing | shopping center loan

Need to discuss a transaction? Please contact an Account Executive.

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