| Loan Amount | $1 – $6 Million; Up to $7.5 million in select markets |
| Term | Fixed Rate: 5, 7, 10-year terms
Hybrid: 20-year term with initial 5, 7, or 10-year fixed-rate 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 (35 business day rate hold period) |
| Minimum DSCR | Top Markets: 1.20x; Standard Markets: 1.25x; Small Markets: 1.30x; Very Small Markets: 1.40x |
| Amortization | Up to 30 years (partial and full-term interest only options available) |
| Prepayment | Declining schedules and yield maintenance available for all loan types. |
| Eligible Borrower | Individuals who are U.S. citizens: Up to $6 million LPs: LLC; SAEs; SPEs; TICs with up to 5 unrelated members; and trusts (irrevocable trusts and revocable trusts with warm body guarantor). Single Asset Entities: Between $6 to $7.5 million |
| Eligible Property | Multifamily with minimum five residential units. Will expand the qualifications for an SBL Link Loan to include 2 to 4 unit non-contiguous properties under certain conditions. Commercial space is allowed up to 40% of the net rental income. Must have 90% physical occupancy over the 3-month trailing period. |
