Lenders and Loan Programs
Following are the loan programs we offer:
Permanent Loan Programs
FNMA and FHA Multifamily Loan Programs
Permanent Loan Programs:
Preferred Property Types:
- Multifamily (seniors, students and traditional)
- Shopping Centers and Anchored Retail
- Industrial / Warehouse Distribution and Flex
- Office Buildings
- Medical / Dental Buildings
- Hotels (flagged)
- Mini-storage
Terms:
| Loan Size: | $5,000,000 minimum |
| Interest Rate: | Fixed at application, spreads over corresponding Treasury yields |
| Loan Maturities: | 5, 7, 10, 15 or 20 years. Amortizations 10 to 30 years (fully amortizing loans available) |
| Prepayments: | Yield maintenance |
| Security: | Non-recourse, first trust deed |
| Loan-to-Value: | 75% |
| Debt Coverage Ratio: | 1.20 x minimum |
| Origination Fee: | Size Dependent, Up to 1% |
| Third Party Reports: | Property condition and seismic report, environmental site assessment and ALTA survey. No MAI appraisal required on some loan programs |
| Lenders: | Prudential Mortgage Capital Company Principal Real Estate Investors National Life Insurance Company |
FNMA and FHA Multifamily Loan Programs:
Available via our correspondent DUS lenders.
Eligible Properties: All income producing, multifamily rental or cooperative properties with more than four units.
Northwest Commercial Mortgage 