DUS Mortgage Loans

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

• Existing, stabilized Conventional Properties, Multifamily Affordable Housing Properties, Seniors Housing Properties, Student Housing Properties, and Manufactured Housing Communities
• Properties with a minimum of five units (50 pad sites for Manufactured Housing Communities)
• 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.

Fixed- and variable-rate options available.

Varies by asset class and product type.

Varies by asset class and product type.

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 loans are available.

Flexible prepayment options available including yield maintenance and declining prepayment premium.

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

30/360 and Actual/360.

Non-recourse execution is available with standard carve-outs for “bad acts” such as fraud and bankruptcy.

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

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 new borrower’s financial capacity and experience.