N - National Conduit Loans
- Loan Minimum $1 million to $50 million
- Multifamily and Mobile Home Parks (income stabilized)
- Acquisition, Refinance
- 90% LTV Maximum
- 10 year term / 30 years amortization
- Non-recourse
- Rate: 10-year treasury plus spread of 1.4% - 2.0%
C - Conventional Loans
- Loan Minimum $500,000 to $15 million
- Existing Apartments (5+) and Mobile Home Parks (15+)
- Acquisition, Refinance
- Term: 3, 5, 7, 10 years
- 30 years amortization
- 85% LTV Maximum
- Rate: Prime plus 1.00% - 2.75%
- Full recourse
S - Specialty Loans (SBA Loan*) (Stated**)
- $500,000 to $2 million
- Exisiting Apartments (5+) and Mobile Home Parks (15+)
- Acquisition, Refinance
- Term: 3, 5, 7, 10 years
- 30 years Amortization
- 80% LTV Maximum
- Full recourse
- 9%+ (typical rate)