Conventional

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
Loan Amount: Up to $7,500,000
Loan Term: 10 Years
Amortization: Up to 30 Years
Loan to Value: Up to 70% of FIRREA Appraised Value.
DSCR: Minimum 1.30x 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

 

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