7/20/2011

A national capital provider is funding multifamily floating rate loans as low as 2.59% and 1.05 DCR for transactions as small as $3,000,000. There is no maximum loan amount and smaller assets will be considered on a case-by-case basis. This non-recourse loan floats over one-month LIBOR and carries a lifetime cap fixed at closing. The loan is locked for one year then requires a 1.0% prepayment penalty. The seven year term is amortized over 30 years with lower leveraged loans qualifying for interest only. The loan may be converted to a fixed rate in years 2 through 5 with no prepayment costs and minimal re-underwriting.