Eligible PropertiesMultifamily, Senior Living, Student Housing, Manufactured Home CommunitiesLoan Amount$100,000 to $75MLoan TermFixed rate periods from 2 – 30 YearsAmortizationAmortization periods up to 30 yrs (IO available)Commitment Fees2.0% to 4.0%Borrower RecourseTypically non-recourse with standard carve-outsMaximum LTVSenior Debt to 80%Qualifying Parameters-Senior debt to 80% LTV.-Subordinate mezzanine debt to 85% LTV/ Preferred equity to 90%/ JV equity to 98%.-Minimum DSCR of 1.20x.Third Party ReportsMAI Appraisal (expanded or separate market study may be required for properties with a value-add component);Environment Phase I and Engineering/Structural Report prepared by approved professionals.Geographical FocusNationwide, Foreign nationals eligible Like this:Like Loading...