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Specialty Apartment Loan Programs
Fannie, HUD, Freddie and FHA
New Interest Only Conduit Crusher
New Low DCR Programs
Market Rents Apartment Loan Program
High LTV Apartment Financing
85% - 90% LTV Apartment Loans
Conduit Crusher™ Apartment Loan
- $500,000 to 10 Million
- A or B Grade Property
- No Legal opinion
- No 10 Yr Balloon
- No Stress or Fitch Constraints
- Low 3rd Party Fees
- No Impound Replacement Reserves
- No Defeasance
- No Yeild Maintenance
- Rates YES...from 160 to 190 BPS over respective US Treasury (rounded to the nearest 1/8): example 10 yr 4.49%+169= 6.18%
NO DOC - NO RATIO Apartment Loan
3 EASY STEPS
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Fill Out Application
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Send Current Rent Roll
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Send Current & 1 Yr Operating Statements
This program does not require tax returns, or income verification or Schedule "E's". - $500K to 5 Million - up to 70% LTV Property must be "B" grade - No deferred maintainance - No Mixed Use - No Mortgage Lates 36 mo. - Strong Financial Sponsorship required.
Interest Only Apartment Loan
- 3 Or 5 Year Interest Only Apartment Loans
- Flat Fee Closing
- 60 Day Interest Rate Lock
- Up To 90% LTV Purcahses
- Low 1.15 DSCR
$500K to 10 Million - up to 80% LTV - 1.15 DSCR - Property must be "B" grade - No deferred maintainance - No Mixed Use - No Mortgage Lates 36 mo. - Strong Financial Sponsorship required. Interest only during fixed peroid, RATES START AT 6.5%
Apartment Fast-Track with 30 Day Closings
- 250K to 1 Million
- No Tax Returns
- up to 80% LTV
- Apprasial Rents can be used for Income
- Low DSCR down to 1.0:1 NOT 1.20
- 5 Easy Docs For Conditional Approval
- FAST 30 Day CLOSING
Property must be 5-25 UNITS - A,B or C grade - No deferred maintainance - No Mixed Use - Mortgage Lates ok. - Strong Financial Sponsorship required. Minimum population 25,000, Low 3rd party fees, Need multifamily experience, Credit score down to 600. Our Apartment FastTrack Rates start at 7.50%
Market Rents Apartment Loans
Stated Income Apartment Loans
Agency Apartment Loans
Construction Apartment Loans
More Programs Available Late 2007
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