RESIDENTIAL
PROPERTIES

Multifamily
Properties
Commercial
Properties
Residential
Properties
Land
Properties

RESIDENTIAL (INVESTMENT)

Non-Owner Occupied Transactions/Investors Only


Financing Parameters


Loan Size:
$1,000,000 to $15,000,000
Max LTV: Up to 65% LTV
Pricing: 8.99% to 11.99%
Amortization: Interest Only
DSCR Requirement: N/A
Lien Position: First mortgage of Deed of Trust
Borrower Entity: Corporate Structure
Minimum FICO: None, however Tri-Merge Credit Report for pricing consideration
Terms: Max 3 years, typically 1 year with extensions
Prepayment Penalty: 6 months up to 1yr lock out - @ 5%
Loan Type: Purchase, Rate & Term, & Cash-Out
Loan Purpose: Opportunistic acquisitions, Quick closings, Recapitalization & LP Buyout, 1031 Exchange Deadlines, Renovations.
Recourse: Non-recourse, other than standard "bad boy carve-outs" or Recourse structure for higher risk transactions
Origination & Exit Fees: Typically 1%-2% depending on market competitive fees, adjusted to loan size, timing and complexity
Commitment Fee: $2,500 to $5,500 or larger on complex or high balance loans.
Underwriting Fee: $1,000 to $2,500
Locations: Florida
Documents Required: On a case by case, however:

   Corporate Taxes or Financials (2 Years)
   Appraisal (If Available)
   Environmental (If applicable/Available)
   Survey (If Available)
   Bank Statements (3 Months) to confirm cash flow
   Leases where applicable
   Lender has the right to require additional docs.*
Other: Only commercial loans available, held under corporate ownership; High-end residential as long as it is an investment property owned under a corporate structure. Will consider land on a case by case basis.


Use of Proceeds

  Acquisitions
  Opportunistic Recapitalization
  Refinancing
  Value- add
  Rehabilitation
  Quick closings



Asset Types

  Single Family Residence
  2 - 4 Units
  Condos and Townhouses

Metwest

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