Purpose | Take-out for LIHTC Properties > 20 Units |
Loan Amounts | $500K - $10 MM |
Term | Up to 30 Years |
LTV | Up to 90% |
Repayment | Monthly Principal & Interest; May have15-year Lockout or Yield Maintenance |
Commitment Fee | Determined on a Case-by-Case Basis |
Applications Fee | $2,000 |
Collateral | 1st Lien Security Interest |
Debt Service Coverage | Determined on a Case-by-Case Basis |
Legal | Paid by Borrower |