Small Mortgage Loan Program

• Low cost of execution
• Competitive rates
• Delegated model provides Lenders and Borrowers speed of execution
• Team with experience and scale to support this unique market
• Single asset security allows the most flexibility in the market
• Extensive experience serving the small loan market
• Streamlined third-party reports

• Conventional Properties; Multifamily Affordable Housing Properties; and Manufactured Housing Communities
• Existing, stabilized multifamily Properties
• Properties with 5 or more units
• Loans for acquisition or refinance

Up to $9 million nationwide

5 - 30 years.

Up to 30 years.

Fixed- and variable-options available.

80%.

1.25x.

Supplemental Mortgage 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 reserves, tax, and insurance escrows are typically required for higher leverage transactions.

Streamlined inspection and Environmental Screening using the ASTM E-1528-14 protocol.

Non-recourse loans are typically assumable, subject to review and approval of the new borrower’s financial capacity and experience.