Loan size

$100,000 up to $10 million.

Credit

575+ credit scores for primary borrower or primary guarantor.

Loan purpose

Rate/term refinance, cash-out refinance or purchase.

Occupancy

Owner occupied or investor properties are acceptable.

Loan types

6-month adjustable; 2, 3 and 7-year fixed, then adjustable; and full term fixed rate programs are available.

Loan types

6-month adjustable; 2, 3 and 7-year fixed, then adjustable; and full term fixed rate programs are available.

Terms

15, 20 and 30-year fully amortizing loans are available on all property types.

Loan-to-value

Loans up to 80% of property value for multifamily and mixed-use properties, 75% for all other eligible property types.

Subordinate financing

Seller seconds up to 20% of property value are permitted.

Rate

Matrix pricing based on property type, LTV and amortization.

Rate locks

Rate locks are automatic on the 6-month adjustable, 2 and 3-year fixed program. Rate locks are available on the 7-year and full term fixed loans.

Prepayment fees

Vary based on loan type.

Closing costs

$500 lender fee. All third party costs including appraisal, title, environmental insurance and survey (if required) are paid by borrower.

Guarantee

Personal guarantees are mandatory for all eligible borrowers including individuals, corporations, partnerships, LPs, LLCs and certain trusts.

Escrows

Tax escrows are required.

Closing points

No lender points.