Multifamily Permanent Loan

Braxton and Company arranges Multifamily Permanent Loans for stabilized properties. Our relationship is with an established Private Portfolio Lender. The loan is eligible for borrowers seeking premium rates and terms. Fixed Interest for the term, market interest rates, non-recourse and quick closings make this loan program a viable alternative to other options. Loan amounts are between $1 million and $25 million with a maximum LTV of 80% or 85% LTC.

 

 

Key Points

No Minimum FICO

Up to 85% LTC

Market Interest Rates

Streamlined Loan Process

Mobile Home Park Eligible 

Student Housing Eligible

 

 

 

Terms

$1 million - $25 million

LTV up to 80%

LTC up to 85%

Rate: ARM, Fixed and Hybrid

Interest: from 4.15%

Index: 30 Day LIBOR

Term: 5, 7 and 10 years

Amort: up to 30 years

DSCR: 1.20x minimum

Multiple Prepayment Options

Non-Recourse Loan

Assumable

 

 

Purpose

Acquisition

Refinance

Cash-Out  

 

 

Collateral

Apartment Buildings (5+ units)

Mixed-Use (55%+ Residential)

Mobile Home Park (15+ units)

Student Housing (parental guaranteed)

 

 

* This includes all third party reports, lender legal, admin, docs, does not include escrow and title fees