MULTI-FAMILY LOANS WILL CONSIST OF LOANS FOR THE FOLLOWING TYPES OF PROPERTIES
Different Categories of Multi-Family Units
Low-Rise Garden Apartments
Mid-Rise Apartments
Military Housing
Townhouse Style
Co-opStudent
Other Apartments
The following are general underwriting requirements, for specific information on multi-family loans and for your Complimentary No Obligation Profesional Loan Analysis. click now!
Apartments and Apartment-Type
Maximum Loan To Value - 80%
Maximum Amortization – 25 to 30 years
Minimum DCR - 1.20x to 1.25x
Min. Vacancy Reserve – the greater of actual or market vacancy; typically 3% to 10%
Minimum Replacement Reserves - the greater of actual or $225 to $350 per unit
Minimum Occupancy requirement – typically 85%Cap Rate – use market-driven capitalization rate; typically 7.5% to 10%
To continue reading about Multi Family Loans follow the link.
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