| Loan Amount | $1 – $6 Million; Up to $7.5 million in select markets |
| Term | Fixed Rate: 5, 7, 10 year Hybrid: 20 years with initial 5, 7, or 10 year fixed period |
| Loan-to-value (LTV) | 80% in Top and Standard Markets
75% Acquisition/70% Refinance in Small and Very Small Markets |
| Loan Purpose | Acquisition or Refinancing (cash out available) |
| Rate Lock | 60 to 120 day rate-lock period available |
| Minimum DSCR | 1.20x – Top Markets
1.25x – Standard Markets 1.30x – Small Markets 1.40x – Very Small Markets |
| Amortization | Up to 30 years (interest rate options also available |
| Prepayment | Declining schedules and yield maintenance available for all loan types. Defeasance available for fixed-rate loans only. |
| Eligible Borrower | Up to $6 million – Individuals who are U.S. citizens; Lps: LLC; SAEs; SPEs; TICs with up to 5 unrelated members; and trusts (irrevocable trusts and revocable trusts with warm body guarantor). Between $6 million and $7.5 million – Single Asset Entities |
| Eligible Property | Multifamily with minimum five residential units. Commercial space is allowed up to 40% of the net rental income. Must have 90% physical occupancy over the trailing 3-month period. |
