Small Balance Loan Program

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.