Low Rate Multifamily and Mixed-Use Small Balance Program
Major Metropolitan Areas Nationwide
Private money lender
$1 Million to $10 Million
4.75%+ with one time 2 point buy-down (A)
Term: Hybrid fixed 5 years then adjusts quarterly at WSJ Prime with 3% margin; 3% per year cap; lifetime cap: 6% above floor rate
10 year balloon
30 year amortization
Finance purchase, refinance and cash-out at 70% LTV ($250,000 max cash-out)
700+ FICO Credit Score with no history of major derogatory credit (late payments, collections, charge-offs, bankruptcy, judgments, debt settlement, foreclosure, tax liens)
1.25+ DSCR
Prepayment: 5/4/3/2/1
Origination: 1 Lender + 2 Eagle
Full recourse
Lender ordered appraisal required
To get started, please click the blue Multifamily & Mixed-Use Low Rate Small Balance Link for your FREE PRE-APPROVAL LOI 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.
