National Apartment Lending Program
Loan Amount: $1 to $5 Million
Loan Purpose: Acquisition or Refinance (Cash Out Available)
Amortization: Maximum 30 years
Eligible Properties: Market Rate Multi-Family
Debt Service Coverage: 1.25 Minimum DSCR Nationwide
Max Loan To Value: 80%
Recourse: Non-recourse with Standard Carve Out Provisions
Borrower Financial Requirements: Minimum 650 Mid-score, Liquidity equal to 9 months of P & I, Net Worth equal to Loan Amount.
Occupancy Requirements: Minimum 90% occupancy of residential units for 90 days required at closing of the mortgage.
Contact Mark Creason at 469-200-4634
Offering