Loan Type Small Balance
Loan Size $500,000 up to $10,000,000
Uses

Purchase/ Refinance

Cash Out/New Construction Investment Owner User

Terms Flexible Customized to Borrowers Needs
Leverage

Up to 80% for Purchase / Refinance

90% Purchase/ Refinance 7A/504 only

80% LTC/75% LTV for Construction

Debt Service 1.20x
Nonrecourse

Full Recourse/ Partial Required

Non-Recourse on Investment Grade Assets Only

Prepayment None/ Declining
Amortization 20-30 years
Rates Start Rates 3.99%
Origination Par – 1 %
Property Types/Classes

Any Type

A-C Rehab OK

Location Nationwide
Fixed and Floating Rate Loans of 3, 5, 7, 10 years and fully amortizing loans of 15, 20, 25 years are available. Pricing may vary depending length of loan, LTV, DSCR, property quality and market conditions. Construction financing, mezzanine and equity capital is available for select properties.