Multi-Family Lending

Property Types

Existing multifamily rental properties, minimum five units

Lending Areas

Eastern and Central time zones

Loan Amounts

$100,000 to $4,000,000*

*Higher amounts may be available to qualified buyers.

Loan Types

Variable rates: monthly, 1-year, 3-year, and 5-year ARMs Three and five year fixed-rate loans

Loan Maturities

Up to 10 years

Loan to Value Ratio

Up to 75% on Purchases and Refinances Up to 70% on Cash-Out Refinances

Debt Service Coverage

Net Operating Income must be at least 1.20 times debt service

Amortization

Up to 30 years

Rate Adjustment Indices

The wall Street Journal Prime rate

1-year, 3-year, or 5-year Swap rate per Federal Reserve Board

Origination Fee

Competitive Fee Structure