MULTIFAMILY BRIDGE LOAN PROGRAM

Eligible Properties	All commercial propertites. Existing, income-producing properties needing to be renovated, leased, re-tenanted and/or repositioned within its market.
Borrower	Individuals, Revocable Trusts, maximum 2 member LLC (no sub entities).
Loan Amount	Minimum $1,000,000.
Loan Term	Up to 24 Months.
Interest Rate	Tied to spreads over the ten-year Treasury.
Assumability	Assumable, subject to approval and applicable fees.
Prepayment	Negotiable.
Loan to Value	Up to 80%.
Debt Coverage Ratio	Case by Case.
Loan Request Package	Include the following in your request for a loan quote: 1. Completed FNMA 1003 Uniform Residential Loan Application. 2. Representative color photographs. 3. Signed current rent roll. 4. YTD Operating Statement.

Residential Lending