|Purpose||Acquire and Stabilize Multifamily Housing|
|Loan Amounts||$250K - $7MM*|
|LTV||Up to 95% (stabilized value)|
|Repayment||Monthly Principal and Interest Payment based on 30-year Amortization|
|Collateral||1st Lien Security Interest|
|Debt Service Coverage||1.15:1 or better|
|Legal||Determined by Complexity of Transaction. Paid by Borrower|
A mini-perm loan is essentially a bridge loan that allows a borrower to refinance acquisition/construction/rehabilitation debt prior to securing long-term permanent financing. CHC’s Mini-Perm loan program is ideal for acquiring and stabilizing a property for a period of 5 to 7 years, with amortizing schedules up to 30 years.
Call us to learn more at (404) 373-5662.
* Higher loan amounts considered on a case-by-case basis