| Lender Code | Property Types | Niche Property Types | Deposit Relationship | Min Ratio | States | Not States | Min Fico | Docs Needed | Min Loan | Max Loan | Term | Prepay Time | Prepay Type | Amortization | Cash Out LTV | Purchase LTV | Rate Type | rate reset | Personal Guarantee | Lender Fee | Non Recourse Available | IO Available | Management Fee | Full Process |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A234 | Multifamily,Retail Centers.Office Buildings,Industrial/Warehouses, Mixed-Use Properties, Automotive Properties, Restaurants, Medical Buildings, Houses of Worship, Shopping Centers,Special Purpose Properties | No | 1.2 | CA | Full | 50000 | 4000000 | 30 | 30 | Fixed, Variable | ||||||||||||||
| A235 | Multifamily | Yes | CA | |||||||||||||||||||||
| A236 | Multifamily, Medical Office | 1.25 | NJ | 25 | 5 | Stepdown | 25 | 65 | 75 | 5 | Yes | 1 | ||||||||||||
| A237 | ||||||||||||||||||||||||
| A238 | Multifamily, Retail, Office, Single Tenant NNN, Warehouse | Affordable Housing | 1.2 | FL | AddressRent roll or lease termsProperties income and expenseSales price or estimated value Loan amount requested | 1500000 | 25000000 | 10 | 3 | Stepdown | 25 | 65 | 75 | Yes | 1 | Yes | Yes - 18 months | 5% | Borrower/Guarantor: 1. Personal Financial Statement for borrower/guarantor on Bank approved form. 2. Commercial Mortgage Loan Application & Credit Release Authorization. 3. Complete Personal Tax Returns for the last three (3) years for borrower/guarantor(s) or latest income tax extension filed. 4. Verification of liquid assets to close - three months bank statements. 5. Personal resumes or background information for borrowers/guarantors as applicable. 6. Two (2) forms of picture ID’s (Driver’s License, Passport, Current Visa, etc.) Foreign Nationals 1. Two (2) trade and bank references. 2. Accountants letter indicating last two years personal and business income. 3. Proof of address other than Passport such as utility bill, voter’s registration etc. If Borrower is a Corporation 1. Complete Corporate Tax Returns for the last three (3) years or extension filed (if applicable) or Financial Statements for the last (3) years with latest interim (signed and dated). 2. YTD company prepared Financial Statements (signed and dated). 3. Clear breakdown of ownership of the borrowing entity (Operating Agreement). Property: 1. Copy of fully executed Purchase & Sale Contract 2. Current Rent Roll certified as correct by the current property owner 3. Statement of Operating expenses 4. Copies of leases (if applicable) 5. Copy of escrow letter or cancelled checks given as deposit. 6. Management company information (website, resume, experience) After a complete package has been submitted, allow at least two weeks to receive a commitment letter. Once a commitment letter has been accepted by the borrower and returned to us along with the commitment fee. Bank will engage lenders counsel Additional items which may be needed prior to closing: 1. Phase I Environmental Audit or Environmental Insurance (check with bank) 2. Building Inspection (to cover the roof, structure, electrical and plumbing) 3. Building recertification if applicable. | |||||
| A21 | Multi-family (2+), Mixed-use, Retail, Owner Occupied Office, Warehouse/Light Industrial, Daycare Center, Mobile Home Park, Self-Storage, Automotive, Restaurant, Non-Profit/ChurchBar, Hotel/Motel, Investment Office, Condo, Funeral Home | AL, AK, AZ, CA, HI, MI, NV, ND, VT, WV | 50000 | 2000000 | 25 | 65 | 2 yr business and personal tax returns, ytd pl/balance sheet |