Interest only.
Non-Recourse.
More Proceeds.
Prepay Flexibility.
Faster Closing.
No Deposits.
Lending Criteria
Loan Amount
$1 – $25MM
Property Type
Stabilized Multifamily (85%+ Occupied)
Locations
Nationwide
Loan Type
First Lien – Purchase, Refi, Cash-Out
Loan Term
5 Year Fixed Rate
Amortization
None – Full Term Interest-Only
Rate
6%+ (as low as ~250+ over the 5-yr tsy)
*Rate locked at term sheet & deposit. Buydowns available if metrics allow.
LTV / DSCR
As high as 75% / As low as 1.15x on IO
Prepayment
Stepdown 5-4-1-1-1
Recourse
None (Typical Carveouts)
CLOSING
30-45 days
Origination Fee
