Fixed Rate First Mortgage loans for multifamily properties.

We are actively helping clients seeking long-term fixed-rate financing opportunities for ground-up and stable multifamily properties. Term: Five to forty years. Interest Payments: Fixed rate. Target Loan Amount: $5 million to $100 million. Amortization: To 30 years, may include I/O. Prepayment: Lockout for 3 years, negotiable thereafter. Loan-to-Value: To 90%. Debt Coverage: As low as 1.10X at closing with near-term upside. Sample Pricing: Ten-year fixed rate, 80% LTV, ten-year UST plus 100 – 125 bps. Ten-year fixed rate, 90% LTV, ten-year UST plus 150 – 200 bps. Fees: $10,000.00 upfront fee and a 2% Origination Fee. Recourse: Non-recourse with standard carve-outs. Collateral: First Mortgage. Collateral substitution option available. Secondary Financing: Available as LTV improves due to increasing cash flow.

NOTE: Being transparent about our upfront charge of $10,000 for processing and due diligence is important for several reasons:

Building Trust: Transparency builds trust with potential clients. By openly stating the costs involved in processing and due diligence, we want to demonstrate our honesty and integrity, which are crucial for building long-term relationships.
Setting Expectations: Clearly stating the upfront charge helps manage expectations. Potential clients should understand what costs are involved upfront, which can prevent misunderstandings or disagreements later in the process.
Professionalism: Transparency about costs reflects professionalism. It shows that we have a clear understanding of our business operations and are upfront about the expenses involved.
Legal and Avoiding Surprises: Transparency prevents surprises for both parties. Clients can budget for the upfront charge, and we can avoid last-minute negotiations or changes to the terms.

Being transparent about our upfront charge of $10,000 for processing and due diligence is a best practice that can benefit your business in many ways.