| Loan Type | Mini-Perm |
|---|---|
| Purpose | Acquire and Stabilize Multifamily Housing |
| Loan Amounts | $250K - $7MM* |
| Term | 5-7 Years |
| 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
