Program Overview
Key Features
- Income-based underwriting
- Non-recourse options
- Assumable loans available
- Portfolio programs
- Professional management required
- Competitive commercial rates
Eligible Property Types
- Apartment Buildings
- Student Housing
- Senior Housing
- Affordable Housing
Business Purpose Only
Business-purpose loans only. Commercial multifamily experience required.
Eligibility Requirements
Minimum FICO
Credit score requirement
Maximum LTV
Loan-to-value ratio
Cash Flow Based
No tax returns needed
Program Guidelines
Commercial multifamily experience required. Minimum $1M loan amount.
Rates & Terms
| LTV | FICO | Rate | Points | Prepayment |
|---|---|---|---|---|
| 75% | 740+ | 7.250% | 0.50 | 5/4/3/2/1 |
| 80% | 760+ | 7.500% | 1.00 | 5/4/3/2/1 |
Note: Rates shown are starting rates and may vary based on property type, location, and borrower qualifications. Prepayment penalties apply as shown. Business purpose loans only.
Calculate Your Scenario
DSCR Calculator
Enter your property details below
Property Income
Monthly Expenses
Loan Details
Results
Recommendations
- You qualify for our best rates and terms
- Consider higher LTV options up to 80%
Understanding DSCR
≥ 1.25
Strong DSCR. Qualifies for best rates and highest LTV options up to 80%.
1.0 - 1.24
Acceptable DSCR. May qualify with adjusted terms or lower LTV.
0.75 - 0.99
Consider no-ratio DSCR program or property improvements.
Frequently Asked Questions
What management requirements apply?
Properties with 5+ units typically require professional management or significant landlord experience.
Are non-recourse options available?
Yes, for qualified borrowers with strong credit and experience, non-recourse financing is available.