| Loan Type | Acquisition Lines of Credit - Revolving |
|---|---|
| Loan Amounts | $500K - $7MM* |
| Term | Up to 48 months (tranches limited to 36 months) |
| LTV | Up to 95% for Performing Multifamily Properties |
| Repayment | Monthly Interest Only |
| Collateral | 1st Lien Security Interest |
| Legal | Determined by Complexity of Transaction. Paid by Borrower |
CHC offers revolving lines of credit (LOC) to high capacity NeighborWorks® developers for the purchase of operating multifamily properties. This product alleviates the need to underwrite each individual transaction, saving money and allowing expedited closings. With LTV’s up to 95% and pre-approval, CHC’s multifamily acquisition LOC effectively removes any financing contingency, making purchase offers more competitive against private sector developers and cash purchasers.
Call us to learn more at (404) 373-5662.
* Higher loan amounts considered on a case-by-case basis
