Multifamily or Assisted Living Purchase,

Refinance and Cash-Out Loans

 

 

Ideal for Long-Term, Fixed-Rate Financing for Your Refi,

Acquisition & Renovation Needs

 

We offer a 35-year, non-recourse, fixed-rate multifamily or

assisted living financing with Lower Equity Requirements.

 

 

Program Benefits

• Long Term Fixed Rate – up to 35-years fixed interest rate.

 

• Non-Recourse – means no personal guarantees*.

 

• Lower Equity Requirements –

             M U L T I F A M I L Y   Equity Requirements begin at 15% for

             market-rate properties, and decrease to 13% for affordable

             properties and 10% for projects with a 90% or greater rental

             assistance. All Cash-out transactions have a 20% equity requirement.

 

             A S S I S T E D   L I V I N G  Equity Requirements  for  purchases  typically 

             begin  at  20%  for  market-rate properties, and decrease to 15% for

             non-profits. Cash Out Loans are arranged separately. Call for details.

 

• Assumable Loan – This is a fully assumable loan (subject to approval.)

 

• Maximum Loan Amount: None

 

 

Eligible Projects

• Market Rate Properties, Affordable and Rental Assistance Properties
• Existing Multifamily Properties at Least Three Years Old

 

*With standard exceptions for fraud and misrepresentation

 

Note: Each loan package is case by case. Not all applicants will qualify. There is no guarantee of approval. Terms and conditions apply. Please call for details.