3-8 Unit Long & Short Term Residential Rental and Mixed-Use (50%+ residential) Loan Program (SH)
$500,000 to $2.5 Million
Nationwide (except ND and SD)
No tax returns or income verification
4.75% to 5.75%+
Term: 30 years
Amortization: 30 year fully amortizing or 10 year interest only
Finance purchase and refinance up to 80% or cash-out at 75% of appraised value
620+ FICO Credit Score
0.75X+ DSCR
Prepayment: 6 months of interest if prepaid 1st 5 years; 20% freely payable
Origination & YSP: varies
Full recourse
No underwriting fee
$3000 pass through deposit for appraisal, title, legal etc.; $6000 for multifamily and mixed-use
Lender ordered appraisal required
To get started, please click the blue Multifamily, Mixed-Use and 1-8 Unit Residential Small Balance Link for your FREE PRE-APPROVAL Term Sheet within 48 business hours. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES to submit your online loan request. No credit cards, Social Security Numbers or credit checks required.
