Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity.

income property > adjustable rate mortgage -- Easy In/Easy Out

Adjustable Rate Mortgage: Easy In/Easy Out

This variable rate program is ideal for properties/borrowers that want an easy, less expensive loan program.  By choosing a variable rate program, third party reports are reduced to just an appraisal and environmental report, there are usually no legal fees and costs are limited to document and underwriting costs, generally under $1000.  Most importantly, the loans can be arranged within 45 days, and prepayment penalties can be as low as 1% for the first two years, then nothing further.

Product Description	Loans for purchase, refinance or rehab
Minimum Loan Amount	$1,000,000
Maximum Loan-to-Value	75% commercial; 80% apartments
Minimum Debt Service Coverage	1.20
Loan Terms	10 years; 7 & 15 terms available
Loan Fee	1%
Amortization	25 – 30 years based on age & condition
Rates	Multifamily Interest Rates Commercial Interest Rates
Prepayment	1% of loan amount for first two years, none thereafter
Secondary Financing	Generally permitted with Lender approval
Assumability	Allowed with approval for 1% fee
Borrower	Any Legal Structure
Recourse	Generally required but may be negotiable
Lending Area	Western states
Caps	5.5% floor; cap is 5% over start rate

Grace Capital has extensive resources to structure your financing requirements. The best method is to contact an Account Executive for details.

Please contact an Account Executive

Rate and terms subject to change without notice