Multifamily (5+)/Apartments - Non Recourse loans

[Upen Patel]

Check here for bridge loans for purchase/rehab

Multifamily (5+ units) transactions up to $20,000,000. If you are buying a single apartment building, condo building, or building a portfolio of multifamily rental properties, I am the partner you’ve been looking for. I can make the acquisition and financing process smooth and transparent. Our streamlined lending process allows for total control, getting you to the closing table faster. With our high standards for customer satisfaction, employee professionalism, and the ability to lend across all 50 states, we provide the vehicle to fuel your investment success.

Eligibility and Property Requirements:

• Minimum FICO score of 650
• Loans from $1 million to $20 million
• Conventional multifamily housing, with 5 + residential units. Mixed use subject to limitations.
• DSCR - 1.20x Minimum
• Non-recourse with standard carve-out provisions. Partial recourse and full recourse available.
• Minimum 90% occupancy of units for 90 days prior to underwriting

Flexible Loan Terms:

• 5-, 7-, and 10-year fixed-rate and hybrid ARMs
• 30-year amortization
• Partial-and full-term interest only available
• Up to 80% LTV
• Cash-out options

Upen Patel

Vice President, The Federal Savings Bank

web: www.thefederalsavingsbank.com/upenpatel

cell: (571) 331-5161

email: [email protected]

Federal NMLS# 1374243