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Conventional

Standard financing for more traditional loan requests.
Property Type: Office, Retail, Multi-Family, Industrial. Other property types considered on a case-by-case basis.
Loan Minimum: $500,000
Loan - to - Value: Up to 90%
DSCR: 1.10 - 1.25
Recourse: Full (Partial at lower LTV %)
Fixed Rate Period: Floating, 6 month, 3, 5, 7, 10, 15, 20, 30 Years
Term: 5 - 30 Years
Amortization: 30 - 40 Years
Pre-payment Penalty: Declining Balance. Length depends on program. (ie: 5%, 4%, 3%, 2%, 1% in years 1 - 5)
Interest Only: Available depending on program.
Special Programs: No Income Verification / No Asset Verification; Market Rents; Low or No DSCR
Conduit

Non-recourse financing for higher grade collateral with a strong operating history.
Property Type: Office, Retail, Industrial, Multi-Family
Loan Minimum: $1,000,000
Loan - to - Value: 80% (85% with Mezzanine Note)
DSCR: 1.20 - 1.25
Recourse: None
Fixed Rate Period: 5, 7, or 10 Years
Term: 5, 7, or 10 Years
Amortization: 30 Years
Pre-payment Penalty: Defeasance or Yield Maintenance
Interest Only: Available
Special Programs: None
Life Company

Financing programs from life insurance companies for strong loan requests.
Property Type: Office, Retail, Industrial, Multi-Family
Loan Minimum: $500,000
Loan - to - Value: 75% - 80%
DSCR: 1.2 - 1.3 depending on property type and loan purpose.
Recourse: Full (Partial at lower LTV %)
Fixed Rate Period: 5, 7, 10, 15, 20, 25, 30 Years
Term: 5 - 30 Years
Amortization: 30 Years
Pre-payment Penalty: Yield Maintenance, Defeasance, Declining Balance
Interest Only: Available depending on program.
Special Programs: None
Fannie Mae

Long-term government sponsored loans for various types of rental housing.
Property Type: Multi-Family, Manufactured Home Communities
Loan Minimum: $1,000,000 ($500,000 for 3Max Express)
Loan - to - Value: 80%
DSCR: 1.25 (or 1.00 for ARM)
Recourse: None
Fixed Rate Period: Floating, 5, 7, 10, 15, 18, 20, 25, 30 Years
Term: 5 - 30 Years
Amortization: 30 Years
Pre-payment Penalty: Defeasance or Yield Maintenance
Interest Only: Available
Special Programs: Small balance 3Max Express
Freddie Mac

Long-term government sponsored loans for various types of multi-family housing.
Property Type: Multi-Family
Loan Minimum: $1,000,000
Loan - to - Value: 80%
DSCR: 1.25
Recourse: None
Fixed Rate Period: Floating, 5, 7, 10, 15, 20, 30 Years
Term: 5 - 30 Years
Amortization: 30 Years
Pre-payment Penalty: Defeasance or Yield Maintenance
Interest Only: Available
Special Programs: Standard and Premier Lease-Up
HUD

Long-term government insured loans for various types of multi-family and healthcare properties.
Property Type: Multi-Family, Healthcare
Loan Minimum: $2,000,000
Loan - to - Value: 85% (Loan-to-cost 90%)
DSCR: 1.10 - 1.17
Recourse: None
Fixed Rate Period: 35 - 40 Years
Term: 35 - 40 Years
Amortization: 35 - 40 Years
Pre-payment Penalty: Lockout with Declining Balance
Interest Only: No
Special Programs: Construction and Rehabilitation
Bridge

Short-term financing typically utilized for the rehabilitation or repositioning of properties.
Property Type: Office, Retail, Industrial, Multi-Family
Loan Minimum: $500,000
Loan - to - Value: 80% (Loan-to-cost 90%)
DSCR: 1.0 - 1.25
Recourse: Dependent on loan request.
Fixed Rate Period: Floating, 6 month, 1, 2, 3 years
Term: 1 - 3 Years
Amortization: 30 Years
Pre-payment Penalty: Flexible
Interest Only: Available
Special Programs: Rehabilitation, Repositioning, Workouts
Hard Money

High-cost short-term financing for loan requests not typically serviced by institutional lenders.
Property Type: Office, Retail, Industrial, Multi-Family
Loan Minimum: $500,000
Loan - to - Value: 70%
DSCR: No Requirement
Recourse: Full
Fixed Rate Period: Floating, 1, 2, 3, 5, 15 Years
Term: 1 - 15 Years
Amortization: Interest Only
Pre-payment Penalty: Flexible
Interest Only: Yes
Special Programs: Rehabilitation, Construction, Bankruptcy, Foreclosure, Vacant Properties
Mezzanine

Secondary loan typically secured by stock in the borrowing entity, not the real estate.
Property Type: Office, Retail, Industrial, Multi-Family
Loan Minimum: $500,000
Loan - to - Value: 90%
DSCR: 1.0 - 1.1
Recourse: Flexible
Fixed Rate Period: Typically matches note on first.
Term: Typically matches note on first.
Amortization: 30 Years
Pre-payment Penalty: Declining Balance, Defeasance, Yield Maintenance
Interest Only: Available
Special Programs: None
Environmental Remediation

Bridge financing available for remediation of contaminated properties.
Property Type: Industrial, Vacant Land
Loan Minimum: $2,000,000
Loan - to - Value: 75%
DSCR: No Requirement
Recourse: Flexible
Fixed Rate Period: 1 - 5 Years
Term: 1 - 5 Years
Amortization: Interest Only
Pre-payment Penalty: Flexible
Interest Only: Yes
Special Programs: None
Construction and Rehab

Financing available for horizontal development, vertical construction, and rehabilitation of multi-family and commercial properties.
Property Type: Office, Retail, Industrial, Multi-Family
Loan Minimum: $1,000,000
Loan - to - Value: 80% (Loan-to-cost 90%)
DSCR: 1.20 - 1.25
Recourse: Full
Fixed Rate Period: Floating
Term: 1 - 3 Years
Amortization: Interest Only
Pre-payment Penalty: None
Interest Only: Yes
Special Programs: None
SBA

Government Backed Loans for Owner-Occupied Properties.
Property Type: Owner-Occupied
Loan Minimum: 500,000
Loan - to - Value: Up to 90%
DSCR: Dependent on property type.
Recourse: Full
Fixed Rate Period: Floating, 5 Year Fixed
Term: 5-10 Years
Amortization: 20-25 Years
Pre-payment Penalty: Declining Balance
Interest Only: No
Special Programs: No Income Verification

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