Multi-Family Permanent

Flexible Loan Products for Affordable Housing Development

Permanent and mini-permanent financing options for multifamily properties.

Multi-Family Permanent	Mini-Perm	Multifamily Permanent
Purpose	Acquire and stabilize multifamily housing	Preserve multifamily properties long term, fixed-rate loan greater than 20 units
Loan Amounts	$250K - $15MM	$500K - $15MM
Term	Up to 7 years	Up to 30 years
LTV	Up to 90%	Up to 90%
Repayment	Monthly principal and interest payment based on 30-year amortization	Monthly principal and interest; may have 15-year lockout or yield maintenance
Commitment Fee	Determined on a case-by-case basis	Determined on a case-by-case basis
Application Fee	$2,000	$2,000
Debt Service Coverage	Determined on a case-by-case basis	Determined on a case-by-case basis
Collateral	1st lien security interest	1st lien security interest
Legal	Paid by borrower	Paid by borrower

Purpose: Acquire and stabilize multifamily housing
Loan Amounts: $250K - $15MM
Term: Up to 7 years
LTV: Up to 90%
Repayment: Monthly principal and interest payment based on 30-year amortization
Commitment Fee: Determined on a case-by-case basis
Application Fee: $2,000
Debt Service Coverage: Determined on a case-by-case basis
Collateral: 1st lien security interest
Legal: Paid by borrower

Purpose: Preserve multifamily properties long term, fixed-rate loan greater than 20 units
Loan Amounts: $500K - $15MM
Term: Up to 30 years
LTV: Up to 90%
Repayment: Monthly principal and interest; may have 15-year lockout or yield maintenance
Commitment Fee: Determined on a case-by-case basis
Application Fee: $2,000
Debt Service Coverage: Determined on a case-by-case basis
Collateral: 1st lien security interest
Legal: Paid by borrower

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SVP Chief Lending Officer