| Loan Purpose: |
Permanent first mortgage for acquisition and refinance |
| Loan Amount: |
$250,000 minimum
$5,000,000 maximum |
| Loan Term: |
1 year, 3 year, 5 year, 10 year, and 15 years |
| Amortization: |
15 - 20 - 25 - 30 years |
| Loan to value: |
Up to 75% for multifamily and mixed use
Up to 75% for retail, office, and light industrial |
| Subordinate Financing: |
Up to 80% with 680 credit score |
| DSCR: |
1.20 or greater |
| Prepayment: |
Declining prepayment penalty through the fixed rate period |
| Funding: |
45 days within receipt of complete application |
| Application Requirements: |
1003 Application
Loan Submission Form
Rent Roll (Investment properties only)
Year to date and last 3 years Property operating statements
if an investment property, Year to date profit and loss statement and last 3 years business returns if owner
occupied |
| Credit Score: |
620 minimum FICO |
| Lending area: |
Limited to specific metropolitan areas. Please call for property eligibility |
