Loan Types - Purchase Refinance Refinance Cash Out Credit Score Minimum 680 (will consider lower case-by-case) Title - LLC Underwriting cash flow from rents. No tax returns no DTI Minimum Value - 50 000 per Property Maximum LTV - 75% Occupancy Type - Investor Property Types SFR s 2-4 Family Multifamily Townhouse Condominiums 5 Unit Multifamily Apartment Buildings & Mixed-Use up to 40% Commercial Eligible Locations Nationwide (except Alaska & Hawaii) Portfolio Size - 5 to 500 Properties Interest Rate 5.75% to 6.75% (approx. 350 450 bps. corresponding swap rate) Prepay - Yield Maintenance DSCR Minimum - 1.2x Fixed Term - 5 & 10 Years Fixed Amortization - 30 Years Recourse - Full < 3 000.000 Non > 3 000 000 Lender Points 1% Out-of-Pocket Costs - Underwriting Fee 1 500 - 2000 (paid at closing) Third Party Reports Paid at Approval (appraisal required on each property) Send inquiries and application request to info(at)WesthallFinancial.BIZ WESTHALL FINANCIAL SERVICES LLC (203) 971-8440 A Commercial Real Estate Loan Brokerage Firm. This is not a loan commitment or guaranty of financing.
Category: Financial Services
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