Save time. Save money. Simplify multi-family financing.
Key Features
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Competitive Rates
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Quick Decisions
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Local Processing
Details
- Minimum Loan Amount: $1,000,000
- 20-Year Term and Amortization
- Multi-family Properties Only
- Fixed Rate for 5 Years, then re-price every five years
- No New Appraisal and No Closing Costs upon re-price
- Re-price based on spread of 250 basis points over the current 5-Year Treasury yield
- Interest rate floor of 5.0%
- Prepayment penalty: 3/2/2/1/0, resetting at each 5-year anniversary