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National Bank Funding 40 Year Amortization on Multifamily A national portfolio lender is currently funding 5 to 50-unit, Class A and B Multifamily properties to $10,000,000. The Lender may advance up to 70% LTV, with a maximum leverage of 80% on acquisitions. The recourse loans are fixed for 10 years in the 5% to 5.25% range prior to floating over LIBOR. All loans may self-liquidate over their term, but offer a step-down prepayment structure during the 10-year fixed rate term. Properties that are 15 years old and newer qualify for a 40 year amortization, while older assets receive the traditional 30 year schedule.