Hello,

Please see below on what we can offer on our apartment/condo funding, we also have funding for large complex's as well. If your interested in either please respond to this posting, my contact information is at the bottom of this posting thanks.

Small Balance Apartment Loans/Condos
 
Loans from  $100,000 – $5 Million – Great rates for multifamily properties with 5 or more individual units, including mixed-use commercial and mobile home parks, through a low cost, streamlined and simplified loan application to closing process, up to 90% CLTV, limited impounds, lower points from Zero to 3. Programs available for all property types in range classes from A to C.
  • 15 and 30 Year Amortizations
  • 3, 5, 7, 10, 15 Year Fixed Rate Terms
  • No Deficiency or Yield Maintenance
  •  Lender Points Optional with YSP
  • Limited Appraisal – No Environmental
  • No Replacement Reserves
  • Monthly / Annual Leases Acceptable
  • Substitute Leases With Bank Statements
  • 80% Minimum Occupancy
  • No Balloon or Call Provisions
  • Maximum LTV 80% / 90% CLTV
  • Step Down Prepayment
  • Minimum DSC of 1.25:1
  • No Outside Legal Fees
  • Limited Impound Requirements
  • Section 8 – Subsidized Rents OK
3% Seller Concession Allowed on Purchases
 
 
Best Regards,
Shawn K. Pearl
CEO
SFA---Specialty Funding & Associates
Office: 225.372.9780
Hours: 9:00am-9:00pm Mon-Sat
206.203.3177 Voice Mail/E-Fax

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