Conventional Properties

See our first-lien permanent mortgage loan financing options for the acquisition or refinance of conventional multifamily properties.

Term Sheet (PDF)


  • Flexible loan terms
  • Competitive pricing
  • Certainty of execution
  • Speed in processing and underwriting


  • Existing, stabilized conventional properties
  • Properties with a minimum of five units
  • Credit-worthy single-asset U.S. borrower with U.S. ownership
  • Borrowers may have indirect foreign ownership interests, subject to proper structuring of the borrowing entity and its parent


5 - 30 years.


Up to 30 years.

Interest Rate

Fixed- and variable-rate options available.

Maximum LTV


Minimum DSCR


Property Considerations

Properties must have stabilized occupancy (typically 90%) for 90 days prior to funding. Loan commitments for pre-stabilized properties will be considered on a case-by-case basis.

Supplemental Financing

Supplemental Loans are available.

Prepayment Availability

Loans may be voluntarily prepaid upon payment of yield maintenance for fixed-rate loans and declining prepayment premium for variable-rate loans.

Rate Lock

30- to 180-day commitments. Borrowers may lock the rate with Streamlined Rate Lock option.


30/360 and Actual/360.


Non-recourse execution is available for most loans greater than $750,000. Standard carve-outs required for “bad acts” such as fraud and bankruptcy.


Replacement reserve, tax, and insurance escrows are typically required.

Third-Party Reports

Standard third-party reports required, including Appraisal, Phase I Environmental Site Assessment, and Property Condition Assessment.


Loans are typically assumable, subject to review and approval of the proposed new borrower’s financial capacity and experience.