CFG

Provides competitive, tiered pricing for acquisition or refinance of multifamily projects, including recently completed projects.

MINIMUM LOAN: $5,000,000.00 LOAN TERM: Up to 30 Years AMORTIZATION: Up to 30 Years - Interest-only options also availableMINIMUM DSCR: 1.25x MAXIMUM LTV: Case by Case INTEREST RATE: Fixed ELIGIBLE PROPERTY TYPES: Multifamily - minimum five units ELIGIBLE BORROWER: Single Asset Entity OCCUPANCY REQUIREMENT: 90% Physical Occupancy for 60 days at application 90 days at commitment TAX AND INSURANCE ESCROWS: Monthly Deposits Required. May be waived if certain criteria are met REPLACEMENT RESERVES: Underwritten at a minimum of $TBD per unit per annum - Monthly deposits may be waived if certain criteria are met RECOURSE: Case by Case. In Some Cases Non-Recourse With Standard Exceptions For Fraud and Misrepresentation COMMERCIAL SPACE: Maximum 20% of net rentable area and maximum 20% of effective gross income REQUIRED REPORTS: Narrative MAI Appraisal, Property Conditions Assessment and Phase I. Others if applicable PREPAYMENT: Defeasance or Yield Maintenance ASSUMABLE: Subject to Approval and Fee SUBORDINATE FINANCING: Mezzanine allowed subject to approval SUPPLEMENTAL LOANS: Eligible for secondary financing after 12 months PRICING: Tiered Pricing Matrix. More favorable terms available for higher DSC and lower LTV RATE LOCK: Standard 10 day rate lock period. Extended rate lock options available ORIGINATION FEE: From PAR to 3%. (In Addition to Closing Costs)

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Above terms or program availability may change without prior notice