|
Conduit Crusher Program
Borrowers can obtain Long Term Fixed Rates and Product Selection. Transaction Professionals handle your Multifamily Loan from pre-application to post-close follow up.
Loan Size $500 K - $10 Million
Property Types Most all Multifamily Properties considered (not just Apartments)
Terms 30 Year Maturity with 10 Yr Fixed Payments No Balloons!
Ammortization 15, 20, 25 and 30 Year (DSC Permitting)
Rate Lock YES 60 Day Foreward Rate Lock
LTV Maximum 75% - 85%
Prepayment Declining from 5% to 0%
Third Party Reports Multifamily Appraisal, Property Condition, Environmentals etc.
Closing Time 30-60 Days from MultifamilyBanc.com Loan Registration
Survey ALTA Survey May Be Required
Commitment Fee NO not required
This is one of our most popular Apartment Loan Programs
-
No 10 Yr Call or Balloon
-
No Attorney Opinion Letter
-
No Fitch constant constraints
-
No Impounded Replacment Reserves
-
Super LOW Third Party Fees
-
No Defeasance-No Yeild Maintenance
-
A or B grade Properties
-
10 Yr Treasury + 1.7%
Example 10 Yr T-Bill @ 4.575% + 1.70% = 6.275%
Call Us Today 1-800-707-9797
NEW Commercial Conduit Crusher™
-
$500,000 to $10 Million
-
A or B Grade Property
-
No Legal opinion
-
No 10 Yr Balloon
-
No Stress or Fitch Constraints
-
Super Low 3rd Party Fees
-
No Impound Replacement Reserves
-
No Defeasance
-
No Yield Maintenance
-
No Signifigant Deferred maintainance
-
Rates YES...from 180 to 195 BPS over respective US Treasury (rounded to the nearest 1/8): example 10 yr 4.65%+1.80= 6.45%
Office Buildings Loans, Self Storage Loans, Retail Loans, Light Industrial Loans, Mixed Use Loans and MHP Loans
Strong Financial Sponsor Required, Minimun 700 Credit Score, Easy Declining Prepay ,No Mortgage Lates, Minimum 1.15 DSCR on Rate & Term Refinancing
Converts in 121st Month NO BALLOONS!!!
This is a great product for Borrowers that do not want a conduit loan. A great conduit loan alternative.
|