Flex Loan Financing for Long-Term Investors
In real estate financing, “experience” is what matters most. We can arrange financing for any loan. We also have the flexibility to tailor the right loan product for the borrower, through our investor network of over 3000 lenders.
Our highly trained, knowledgeable staff examines each transaction to place it in the best program based on your unique scenario. We understand the complexity of any transaction in today’s market and most importantly, we have the relationships with lenders, investors and banks to close deals efficiently and quickly.
| Property Types, Terms and Rates | Loan Amounts up to $5,000,000 | ||||
|---|---|---|---|---|---|
| Tier | Investor 1-4: SFR, Condo, and 2-4 Units | Multi-Family and Mixed-Use: 5+ Unit Multi-Family and Mixed-Use | Commercial: Office, Retail, Warehouse, Self-Storage, and Automotive | ||
| Fixed Term | 30 Year | 30 Year | 30 Year | ||
| LTV MAX | 75% | 75% | 70% | ||
| Tier 1 | FICO ≥ 750 | 9.74% | 10.24% | 12.49% | |
| Tier 2 | FICO 700-749 | 10.24% | 11.24% | 11.74% | |
| Tier 3 | FICO ≥ 650 | 10.99% | 11.99% | 12.49% | |
| Loan Programs | ||
|---|---|---|
| Options | Long-Term Fixed | Interest Only Fixed: Add .25 to above rates |
| Term | 30 years | Shorter terms available | 5 year Interest Only |
| Amortization | Fully Amortized Loan | 25 years following initial IO period |
| Prepayment Penalty | 5-year declining prepay: 5%, 4%, 3%, 2%, 1%. | |
| Prepay Buydown | Reduce 1 year by adding .375% fee. Min 1-year penalty. | |
| No Prepay States | 1-6 units in NJ (title held as an individual) and 1-4 units in NM = no prepay, add 1% to rate or 1% in fee. | |
| Rate Buydown | 1-point fee = .375% rate reduction. | Minimum Rate 8.49%. | |
| Refinance Transactions | Add .50% to the rates shown above for all refinance transactions. | |
| Investor 1-4 Guidelines | ||
| Loan Amounts | $2 million MAX | |
| LTV Rate Adjuster: (1-4 only) | Reduce interest rate by -.125 for every 5% below LTV max (floored at 50%). | |
| Experience | First time buyers are ineligible for investment 1-unit properties. | |
| General Guidelines | ||
| Purpose | Purchase, Rate-Term Refinance, Cash-Out Refinance. | |
| Loan Amounts | $75K - $5MM. | Minimum loan amount for Multi-Family, Mixed-Use and Commercial is $100K. Loans > $1MM = Max 70% LTV. | |
| Credits Scores | 650 Minimum MID FICO | |
| Impounds | Required for property taxes and insurance. | |
| Foreign Investors | 65% Maximum LTV | |
| CLTV | 90 Maximum CLTV | |