MULTI-FAMILY TERM

MULTI-FAMILY TERM

Investors with the purpose to purchase, refinance, or cash-out of Commercial Multifamily or Commercial Mixed-Use homes can rely on New Day Solutions to fund their funding needs.

Typically at the grander scale of investments, those homes provide a completely unique possibility to generate a big go back on funding.

Our streamlined, in-residence technique will make certain the excellent investor revel in even as transferring in the direction of a brief close.

Multi-Family Term Program Details

Interest Rate:

Rates Starting at 8.49%

Loan Size:

Minimum Loan Amount $500,000

Max Loan to Value:

Up to 75% LTV

Credit Score (FICO):

Minimum Credit Score of 680

Loan Term:

30 Year Term Available

Property Type:

Eligible Mixed-Use and 5+ Unit Multifamily Properties

DSCR (Debt Service Coverage Ratio):

Minimum DSCR of 1.25

Limitation :

No Special Use or Commercial Units Only