Multi Family -New Construction
Multi Family Acquisition Loans
Multi Family Substantial Rehab
Multi Family- Refinance
Mobile Housing Loan Programs
Manufactured/Mobile Housing Housing - New Construction 
Manufactured/Mobile Housing - Acquisition
Manufactured/Mobile Housing - Refinance
Multifamily - New Construction  
                  
90% Loan-to-Cost
Interest-only construction loan that automatically converts to 40-year permanent financing
40 Year Amortization
40 Year Term (no balloon)
No maximum loan amount
                        
Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
“Developer’s Fee” of 10% of cost allowed to be used towards equity requirement
No personal liability (non-recourse)
Negotiable pre-payment terms
1:10 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs can be financed. 
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Multifamily - Acquisition      
                  
85% Loan-to-Value
35 Year Amortization
35 Year Term (no balloon)
7.5% Seller promissory note allowed for down payment requirements
No maximum loan amount
                       
Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
No personal liability (non-recourse)
Negotiable pre-payment terms
1:18 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs can be financed. 
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Multifamily - Refinance      
                  
85% Loan-to-Value (80% with cash out)
35 Year Amortization
35 Year Term (no balloon)
No maximum loan amount
                       
Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield.
No personal liability (non-recourse)
Negotiable pre-payment terms
1:18 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs can be financed. 
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.

Multi Family- Substantial Rehabilitation   offers more favorable terms than traditional two- step construction and permanent financing. With this program, there is only one closing, and one interest rate lock, which is always lower than traditional bank financing. This program utilizes an interest only (interest is capitalized into the mortgage) construction loan that automatically converts to a 40-Year Permanent fixed rate mortgage upon completion of construction.

90% Loan-to-Value
40 Year amortization
40 Year Term (no balloon)
No maximum loan amount
Low, fixed interest rate, based on market spreads over the Ten Year Treasury yield.
“Developer’s Fee” of 10% of cost allowed to be used towards equity requirement
No personal liability (non-recourse)
Negotiable pre-payment terms
1:10 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs can be financed.
Manufactured/Mobile Housing - New Construction           
                  
90% Loan-to-Cost
Interest-only construction loan that automatically converts to 40-year permanent financing
40 Year Amortization
40 Year Term (no balloon)
No maximum loan amount
                       
Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
No personal liability (non-recourse)
Negotiable pre-payment terms
1:20 Minimum Debt Service Coverage
This loan is always assumable
Third-party expenses and loan costs can be financed. 
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
 Manufactured/Mobile Housing - Acquisition
                  
80% Loan-to-Value
30 Year amortization
10-30 Year Term
No maximum loan amount
                       
Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield.
No personal liability option (non-recourse)
Negotiable pre-payment terms
1:20 Minimum Debt Service Coverage
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes. 
Manufactured/Mobile Housing - Refinance
                  
80% Loan-to-Value
30 Year amortization
10-30 Year Term
No maximum loan amount
                       
Low, fixed interest rate, based on market spreads over the Ten Year Treasury Yield.
No personal liability option (non-recourse)
Negotiable pre-payment terms
1:20 Minimum Debt Service Coverage
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes. 
Substantial Rehabilitation Insured Loan Program offers more favorable terms than traditional two- step construction and permanent financing. With this program, there is only one closing, and one interest rate lock, which is always lower than traditional bank financing. This program utilizes an interest only (interest is capitalized into the mortgage) construction loan that automatically converts to a 40-Year Permanent fixed rate mortgage upon completion of construction.
  • 90% Loan-to-Value
  • 40 Year amortization
  • 40 Year Term (no balloon)
  • No maximum loan amount
  • Low, fixed interest rate, based on market spreads over the Ten Year Treasury yield.
  • “Developer’s Fee” of 10% of cost allowed to be used towards equity requirement
  • No personal liability (non-recourse)
  • Negotiable pre-payment terms
  • 1:10 Minimum Debt Service Coverage
  • This loan is always assumable
  • Third-party expenses and loan costs can be financed