Multi-Family Real Estate

CPA Commercial Capital’s lender network provides a full range of competitively priced mortgage products for the acquisition, refinance, and rehabilitation of multifamily communities.

 

General Loan Terms:
• Loan Purpose: Acquisition or Refinance (Cash-Out Available)
• Loan Amount: $1 million+
• Loan-To-Value: Up to 80%
• Interest Only: Partial interest-only; Full-term interest-only may be available
• Debt Service Requirements: 1.20x Top 1.25x Standard 1.30x Small 1.40x Very Small
• Amortization: Up to 30 years
• Market: Nationwide
• Term: 20 Year Hybrid ARM with initial 5-, 7-, or 10 year fixed-rate period 5-,7-, or 10-year fixed-rate mortgage
• Credit: Minimum FICO score of 650
• Net Worth & Liquidity: Net worth equal to or exceeding loan amount. Liquidity equal to or greater than 9 months principle & interest
• Occupancy: Minimum 90% occupancy for 90 days prior to underwriting
• Recourse: Non-recourse with standard carve-out provisions