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 > fixed rate loan rolling into an ARM

Fixed Rate Rolling Into Adjustable Rate Mortgage

Fixed Rate Floater: This loan features a 15-year maturity. It begins with a fixed rate for 3, 5, 7 or 10 years and then converts to a variable rate for the remainder of the term. The rate is locked upon application. Prepayment fee is only 6 months interest after initial 2-year lockout period.

Multifamily Interest Rates

Commercial Interest Rates

No Legal Fees, No Reserve Accounts & No Yield Maintenance

Product Description	Fixed Rate Loan Rolling Into an ARM.
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 & 15/15 terms available
Loan Fee	1%
Amortization	25 – 30 years based on age & condition
Rates	Multifamily Interest Rates Commercial Interest Rates
Prepayment	Declining percentage over 3 to 5 years
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	Nationwide, prefer population centers

 

Please contact an Account Executive

Rate and terms subject to change without notice