A national small balance multifamily lender is aggressively pricing multifamily loans and reducing upfront closing costs. For a limited time, the lender will cover the costs of most 3rd party reports, including appraisals and environmental. The loan coupons are in the 4.00% range.
The loans covered by this program can be as large as $5MM. Rates can be fixed up to 7 years, with a maximum loan term of 20 years. Parameters are a maximum 80% LTV and a minimum of 1.20x DSCR.
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