|
|
| Loan
Purposes: |
Fixed-rate loan program designed to lower
borrower costs and streamline application, underwriting, and closing
processes. |
| Loan
Size: |
- $500,000 - minimum
- $5 Million - maximum
|
| Location: |
Nationwide |
| Property
Types: |
Multifamily,
mobile home communities, unanchored and anchored retail, multi-tenanted
industrial and office space, self storage. |
| Term: |
5-year,
7-year, 10-year
|
| Amortization: |
Up to 30 years |
| Rate
Lock: |
60 days with 2%
deposit refunded at closing |
| Recourse: |
Recourse and Non-recourse |
| Loan-to-Value: |
Up to 80% |
| Prepayment: |
Defeasance |
| Commitment
Fee: |
Varies |
| Closing: |
Typically 45 days
from executed application |
|
|
