Multi-Family, Residential Mixed-use, Senior, Student and Affordable Housing
Permanent/Purchase/Rate and Term/Cash-out Refinance Facilities
Loan Amount: $1,000,000.00 to $200,000,000.00
Type: Fixed Rate or Adjustable
Term: 5 to 35 years
Amortization Period: 15 to 40 years
Interest Rates: 250 to 400bps over 1, 3, 5, 10 and 30 year yields
Points: 1 to 1.5
Cash-out Refinances: Up to 80% LTV and/or 1.25 DSC which ever is lower
Recourse: None on loans over $3,000,000.00 or a LTV of 65% or less
Assumptions: Yes, with 1 point fee and lender approval
Prepayment Penalty: Yes, yield maintenance and step down or defeasance available
Loan to Value: 80%
Debt Service Coverage (DSC): 1.25 to 1.35, 1.10 on case by case basis
Construction to Permanent Loan Facilities:
Loan Amount: $1,000,000.00 to $200,000,000.00
Type: Fixed or Adjustable Rate Mortgages
Term: 5 to 40 years
Amortization Period: 15 to 40 years
Interest Rates: 350 to 500bps over 5, 10 and 30 year yields
Points: 1 to 2.5
Recourse: none to partial with standard bad boy carve-outs
Assumptions: Yes, subject to lender approval and fees
Pre-payment: Negotiable
Maximum Loan Amt.: Determined by LTC, LTV and DSC
MacNaughton Financial, LLC. Mortgage Products
