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Rate Information from my friends at American Bank!
Expanded Rate Buster $250K to $8 Million Multifamily 5+ Units Mixed Use Mobile Home Parks 15+ Pads Seller Carry Back to 85% CLTV with 75% 1st +10% seller carry back 2nd Population 50,000+ PAR Pricing February 29, 2008 3 Year 5 Year 7 Year 10 Year LTV Amortization Annual Credit Hybrid Hybrid Hybrid Hybrid Index Margin CLTV DSCR Term Cap Score . . 6.00% 6.25% 6.875% 7.125% 6 MO 2.75 75% 1.15 to 30 /30 2% 650+ Rate Buster Program Multifamily 5+ Units & Mixed Use Only $750K to $100 million February 29, 2008 5 Yr. Fixed Balloon Min DSCR Max LTV Amortization RATES ≤ $3 million ≥ $3 million Yield Maintenance PPP 1.20 80% 30 6.01% 5.44% Lasts 4.5 Yrs. 1.35 65% 30 5.83% 5.24% 1.55 55% 30 5.63% 5.10% 5 Yr. Fixed Hybrid 1.20 80% 30 6.26% 5, 4, 3, 2, 1 PPP 1.35 65% 30 6.09% Step Down PPP 1.55 55% 30 5.89% 7 Yr. Fixed Balloon Min DSCR Max LTV Amortization RATES ≤ $3 million ≥ $3 million Yield Maintenance PPP 1.20 80% 30 6.02% 5.74% Lasts 6.5 Yrs. 1.35 65% 30 5.88% 5.58% 1.55 55% 30 5.72% 5.48% . . 7 Yrs. Fixed Hybrid Min DSCR Max LTV Amortization RATES ≤ $3 million ≥ $3 million Yield Maintenance 1.20 80% 30 6.24% 7 Yrs PPP 1.35 65% 30 6.10% 1.55 55% 30 5.94% 10 Yr. Fixed Balloon Min DSCR Max LTV Amortization RATES ≤ $3 ... more
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