Multifamily Real Estate
Eligible Properties
Multifamily, student housing, affordable housing, assisted living, mobile home parks, healthcare facilities
Loan Amount
Minimum $1 million
Interest Rate
Fixed rates vary; Floating rates from 2.30% over LIBOR—check current LIBOR rates
Loan Term
5 to 30-year fixed-rate terms available
Amortization
Up to 30 years
Maximum LTV
80%
Minimum DSCR
1.25x
Minimum Debt Yield
7-8%
Recourse
Non-recourse with standard “bad boy” carve-outs
Prepayment
Yield maintenance, no prepayment premium in the final 90 days