Multifamily Financing Overview
Property Types Financed
- Market Rate Apartments
- Affordable Housing
- Historic Properties
- Student Housing
- Senior Housing/Assisted Living Facilities
- Independent Living
- Medical Offices and Hospitals
Typical Loan Structure
Loan Amount:
$1 Million and up
Loan Types:
Non Recourse, Permanent, Construction, Bridge, Mezzanine, Forward Commitments and Equity
Interest Rates:
Fixed at a spread over corresponding U.S. Treasury Bond Rates Floating over LIBOR, Prime and other indexes
Term:
From 5 through 30 Years
Minimum Debt Coverage:
1.20:1
Loan to Value Ratio
75% – 80%
Basic Information Needed for a Quote:
- Current Rent Roll
- Operating History – 3 to 5 year
- Year to Date Income & Expenses
- Brief Description of Property and Borrower
- Requested Loan Structure