Non-Recourse 40 Yr. & 35 Yr. Funding Available!...

($3M to No Maximum)





Multi-Family Financing for Apartments, Mobile Home Parks, and Assisted/Independent Living

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Construction/Major Rehab, Acquisition, and Refinance



New Construction/Substantial Rehabilitation Insured Loan Program offers more favorable terms than traditional two-step construction and permanent financing. With this program, there is only one closing, and one interest rate lock, which is always lower than traditional bank financing. This program utilizes an interest only (interest is capitalized into the mortgage) construction loan that automatically converts to a 40-Year Permanent fixed rate mortgage upon completion of construction.


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Construction and Major Rehab



90% Loan-to-Value

40 Year amortization

40 Year Term (no balloon)

No maximum loan amount

No payments while you build or do major rehab.

Low, fixed interest rate, based on market spreads over the Ten Year Treasury yield.

"Developer's Fee" of 10% of cost allowed to be used towards equity requirement

No personal liability (non-recourse)

Negotiable pre-payment terms

1:10 Minimum Debt Service Coverage

This loan is always assumable

Third-party expenses and loan costs are financeable.



Acquisition



85% Loan-to-Value

35 Year Amortization

35 Year Term (no balloon)

7.5% Seller promissory note allowed for down payment requirements

No maximum loan amount

Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield

No personal liability (non-recourse)

Negotiable pre-payment terms

1:18 Minimum Debt Service Coverage

Third-party expenses and loan costs are financeable.

Rates and Terms determined by LTV, credit, property type and other conditions.



Refinance



85% Loan-to-Value (80% with cash out)

35 Year Amortization

35 Year Term (no balloon)

No maximum loan amount

Low, fixed interest rate, based on market spreads

over the Ten-Year Treasury Yield.

No personal liability (non-recourse)

Negotiable pre-payment terms

1:18 Minimum Debt Service Coverage

This loan is always ASSUMABLE



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Anthony Welch

Real Estate Consultant & Financier

Ofc. / Fax: 404-212-8903

Email: anthony@fundingforcommercial.com