| Eligible Locations: |
MSA’s within the U.S. and its territories exhibiting strong economic and property-type specific fundamentals |
| Eligible Use: |
Acquisition and Refinance of Owner-Occupied, Hospitality, Multi-Use and Special Purpose Properties |
| Conventional Loan Amount: |
Up to $5,000,000 |
| Conventional Loan Term: |
10 Years |
| Amortization: |
Up to 30 Years |
| Loan to Value: |
Up to 70% of FIRREA Appraised Value. |
| DSCR: |
Minimum 1.50x DSCR on in-place cash flow |
| Processing Fee & Expense Deposit: |
$1,500 Processing Fee. $15,000 Expense Deposit |
| Reserves: |
Tax and Insurance |
| Sponsor(s): |
Creditworthy individual(s) acceptable to Lender with sufficient liquidity and net worth |
| Recourse: |
Full-Recourse |
| Prepayment: |
5-Year Prepayment Penalties |
