FIXED-RATE
Generally $7.5 million to $100 million 5 to 10 year term (up to 30 years if loan is not purchased for securitization) Up to 30 years amortization
FLOATING-RATE
Generally $7.5 million to $100 million 5, 7 and 10-year terms Partial-term and full-term interest-only available
FLOAT-TO-FIXED RATE
Floating rate period
– 2 year term
– Interest-only
Fixed rate period:
– 7 year term
– Interest-only
Conversion of floating rate to fixed rate is automatic
STUDENT HOUSING
Generally $7.5 million to $100 million 5 – 10 year terms (up to 30 years if loan is not purchased for securitization) Up to 30 years amortization Acquisition or refinance
MANUFACTURED HOUSING COMMUNITY
$1 million or larger 5, 7 and 10-year terms; longer term loans considered on case-by-case basis Up to 30 years amortization Partial-term and full-term interest-only available
Program Highlights
- Non-recourse
- Highly competitive rates
- Flexible terms and prepayment options
- Streamlined process – faster closing times
- Interest-only available
- Up to 80% LTV in certain areas
Eligibility
- Nationwide
