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Multifamily Term
Purchase or refinance multifamily or mixed-use rental properties with 5+ units
Multifamily Term TERMS
Property Types
5-8 Unit Residential Properties
Loan Amount
$250,000 - $3,000,000
Loan Types
30-Year Fixed Rate Mortgage, Or 5/6, 7/6, 10/6 hybrid ARMs (Partial IO or Fully Amortizing)
Term Length
30 Years
Maximum Loan To Cost
If Owned less than 3 months: 80% of Total Cost Basis
If Owned between 3 and 6 months: Additional 5% haircut on Max Eligible LTV
Maximum Loan To As-Is Value
Purchase/Rate-Term Refinance: 75%
Cashout Refinance: 75%
Lease Requirements
Minimum Occupancy Rate of 90% by Unit Count
- Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
- Un-leased Units: 90% of Market Rent (Purchase Loans only)
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