| Lending Area: |
Nationwide including Hawaii and Alaska |
| Loan Amounts: |
1. Small Balance: Min $500,000 to $5,000,000
2. Large Balance: $1,000,000 to $50,000,000
3. Hospitality: Min $3,000,000 if non-owner occupied |
| Max LTV: |
80% LTV |
| Max LTC: |
90% LTC |
| DSCR: |
1.25X (1.30 X for Hospitality) |
| Amortization: |
25- 30 years |
| Initial Fixed Period: |
2, 5, 7, 10 years fixed |
| Third Party Report: |
$5,000 for most of the purchase and refinance loan for Small Balance loan
$7,000 - $10,000 or above for most purchase and refinance loans for Large Balance loan |
| Personal Credit: |
Average FICO score of 660 or above, but we will consider lower scores with a corresponding rate adjustment |
| Origination Fee: |
Typical applies, depending on specific property and borrower information |
| Interest Only: |
Available |
 |
| 40-year Amortization: |
Available |
| Stated Income & Asset: |
Available |
| Market Rent Underwriting: |
Available |
| Single Tenant: |
Available |
| Renovation Loan: |
Available |
| Ground Up Construction Loan: |
Available |
