New Multifamily Loan Program

                                                                   Never any upfront fees to evalute the deal!

Lowest Rate Multifamily Loan in the NATION!!

  • Available For Multifamily properties for purchase or refinance-
  • $750K- $5M for this program- Higher amounts possible case by case…
  • Available for A,B,C class properties-

This loan is:

  • Available anywhere in the US.
  • Up to 80% LTV except for following markets:
  • Michigan, Ohio, Nevada: 60% Max LTV
  • Florida: 65% Max LTV

Two Pricing Platforms Available:- Fixed Rates/ ARM
This is a Fannie Based Product
Pricing is SOOO good because this is direct wholesale pricing (No lender mark-up)

Fixed Rate Program:

  • Based of 10 Yr Treasury Index: (Today is 3.0%)
  • 5,7,10 Yr Terms available.
  • 30 yr Amortization (Very important as most bank products are 20- 25 yr am max)
  • Rates as of today: (subject to change)
  • 5yr: 75% LTV: 4.72%, 65% LTV: 4.52%, 55%LTV: 4.32%
  • 7yr: 75% LTV: 5.09%, 65% LTV: 4.89%, 55% LTV: 4.79%
  • 10yr: 75% LTV: 5.69%, 65% LTV: 5.49%, 55% LTV: 5.29%

 ARM Program:

  • 7 yr ARM based off the One Month Libor Index: (Today is .19%)
  • Current Rates: (Subject to change)
  • Up to 80% LTV/1.25x DCR – 1-mth LIBOR+2.71%
  • Up to 65% LTV/1.35x DCR – 1-mth LIBOR+2.51%
  • Up to 55% LTV/1.55x DCR – 1-mth LIBOR+2.49%
Interest only:

  • Up to 80% LTV/1.25x DCR – Not available
  • Up to 65% LTV/1.35x DCR – 3-years available
  • Up to 55% LTV/1.55x DCR – 7-years available

Who Qualifies??
  • Borrower needs: - Decent credit (small blemish can be overcome)
  • At least three yrs multifamily experience
  • Collective Net-worth equal to loan amount.
  • At least 10mos payments equivalent in liquidity.
  • 20% Equity (Down-payment for purchase)

Any Negatives??

  • These have fairly stiff Prepayment penalties-
  • Based on Yield Maintenance: (Rule of thumb: When Rates are increasing, PP is substantially reduced, when rates are declining, PP is substantially increased)
  • Counter: This loan is ASSUMABLE.
Program Highlights

  • NO Tax Returns required!!
  • Non Recourse!!
  • Blind Cash Out!! (cash can be used for any purpose)
  • Yield Spread Paid on Every Deal!! (NEVER disclosed on the closing statement)
  • 30 yr Amortization- And WHOLESALE rates!!
  • 45-60 Day closings!!
  • Always Assumable!!
  • 91% Apps to closing ratio!!!!!!!!!

Recently Funded Multifamily Transactions

  • Type: Cash out Refinance
  • Closed: 03/08/11
  • $840,000 Loan amount
  • 71% LTV
  • Term: 7 Yrs
  • Rate: 5.93%
  • Savings to borrower: $19,318 p/yr!!

  • Type: Rate/Term Refinance
  • Closed: 03/30/11
  • $745,000 Loan amount
  • 80% LTV
  • Term 7 yrs
  • Rate: 5.93%
  • Savings to borrower: $5,359 p/yr

  • Type: Multifamily Purchase
  • Closed 05/05/11
  • $3.9M Loan amount
  • 78% LTV
  • Term 7 Yrs
  • Rate: 5.49%
  • Savings to borrower: $61,000 p/yr

  • Type: Refinance
  • Closed 05/05/11
  • $707,800 Loan amount
  • 80% LTV
  • Term 7 yrs
  • Rate: 5.78%
  • Savings to borrower: $8,910 p/yr
                                                                                Call!
Larry Raines (Loan Specialist)
Direct Lender Alliance
Office: 866-406-7385 (voice or fax)
Fax: 866-406-7385 (voice or fax)
(feel free to fax your info in as well)
                            [email protected]