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Long term Rental for Multi-family properties

  • Collateral: 5-9 unit buildings
  • Term: 30 years
  • Amortization Options: Hybrid ARM 5/1, 7/1, or 10/1; 30-Year Fixed; 5, 7, or 10 year Interest-Only
  • Loan Amount: $250,000-$2M
  • LTV:
    • Purchase: Up to 70% of purchase price (700+ score with experience)
    • Refinance: Up to 70% of the As Is Value (700+ score with experience)
    • Cash-Out: Up to 65% of the As Is Value (700+ score with experience)
  • Rate: As low as 6.2167% with buydown
  • Credit score: 680 Minimum
  • Prepayment Penalty: 3-5 years, shorter prepay periods will have higher rates
  • Minimum DSCR: 1.20