Fixed & Variable Rate loans
-
25 & 30 year amortizations
- 5, 7 & 10 year Term
- Both Recourse & Non-recourse
- Typically assumable with fee.
Details
We offer both long-term fixed and
variable loan programs. Loans are available for refinance, purchase or
construction take-out. The interest rate on the fixed rate programs is usually
tied to the corresponding Treasury index; i.e., 10 year term tied to the 10 year
Treasury - the 5 year term.
Our variable programs are typically tied to a
LIBOR, Treasury or COFI index, depending on the structure. We have a
correspondent relationship with several Multi-family vendors that enables us to
offer most any structure that meets our clients' financing objectives. From
short term condominium conversion to short term rehabilitation or long term
portfolio strategies - we offer the best programs and rates available anywhere.
Minimum loan deal size is $750,000. or 10 Units.
Other
Loan Programs