|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