Two to Four Unit Residential Loans
Crown Commercial Finance is pleased to announce two to four unit bank portfolio financing. One of the big benefits to this program is that the lender will allow CASH-OUT transactions.
The program will qualify you based on your Global Financial strength of a 1.20 to 1.30 Debt Service Ratio (DSR).
The properties cash flow should achieve a 1.20 to 1.30 Debt Service Ratio. Just like apartment financing.
The sponsor's personal cash flow needs to at least break even.
Finally a program that will help those investors with two to four unit apartment buildings. Especially those investors looking for cash-out financing with low rates.
Please complete the Submission Form now while the rates are low.
CASH OUT FINANCING ALLOWED!!!!!
Amortization Period: 30 Years
Fixed Rate Periods: 6 Months, 3 Years & 5 Year fixed rates.
Interest rates from 3.94% to 4.44% based on loans of $500K or more. Loans under $500K are repriced at 100 to 125 bps higher.
Reverts to an adjustable rate loan based on the 6 MO LIBOR + 3.5%
Cap Rate: Greater of 6% over start rate or 9.5%
Property DSR: Minimum 1.20 to 1.30
Personal Income must cover borrower expenses
Overall Borrower and Property Debt Service Ratio must equal between a 1.20 and 1.30 DSR.