Southern
Acquisition
Flexible Loan Products for Affordable Housing Development
Capital for purchasing land or vacant/occupied multifamily buildings.
| Acquisition | Acquisition |
|---|---|
| Purpose | Purchase of land, vacant or occupied multifamily buildings |
| Loan Amounts | Up to $15MM |
| Term | Up to 36 months |
| LTV | Land: up to 85%; Multifamily: up to 95% |
| Repayment | Monthly interest only |
| Commitment Fee | Determined on a case-by-case basis |
| Application Fee | $2,000 |
| Collateral | 1st lien security interest |
| Legal | Paid by borrower |
Acquisition
- Purpose
- Purchase of land, vacant or occupied multifamily buildings
- Loan Amounts
- Up to $15MM
- Term
- Up to 36 months
- LTV
- Land: up to 85%; Multifamily: up to 95%
- Repayment
- Monthly interest only
- Commitment Fee
- Determined on a case-by-case basis
- Application Fee
- $2,000
- Collateral
- 1st lien security interest
- Legal
- Paid by borrower
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