| Loan Purpose: |
Permanent first mortgage for acquisition and refinance of investment properties |
| Loan Amount: |
$250,000 minimum
$3,000,000 maximum |
| Loan Term: |
2 year, 3 year, 5 year, 7 year, 10 year, 15 year ARM's and 30 year fixed available |
| Amortization: |
30 years |
| Loan to value: |
Up to 80% for multifamily and mixed use
Up to 75% for retail, office, warehouse and other eligible properties |
| Subordinate Financing: |
CLTV's to 80% |
| DSCR: |
1.20 or greater |
| Prepayment: |
5% through the fixed rate period (capped at 10 years) |
| Funding: |
45 days within receipt of complete application |
| Application Requirements: |
Emerald Application
Loan Submission Form
Rent Roll
Property Operating statement |
| Credit Score: |
Minimum 600 middle score |
| Lending area: |
Nationwide |
