• We send multifamily loans to banks for best pricing, and to private lenders for no doc or higher leverage

Key Parameters

Multifamily Bank Loan (Term)

• 20-25 year amo, 5 year fixed rate
• 1.20 min DSCR using bank metrics (subtract for vacancy and operating expenses)
• Full doc – 2 years personal and business tax returns, income and asset verification
• 70-75 LTV purchase
• 65-70 LTV refi
• Real bank

Multifamily DSCR Loan

• 30 year amo, 30 year fixed
• 1.10 min DSCR
• No doc or light doc
• 75 LTV purchase
• 70-75 LTV refi
• Private lender

Multifamily Private Bridge Loan

• 75% of purchase and 100% of rehab up to 80 LTC total
• Experience required
• Private lender

Nonbank Clearing Advantages

• Compare bank and private lender options
• Internal underwriting to quickly size multifamily loans
• Terms vary more for multifamily, so there is more value in having competitive bids