This Small Balance multifamily investment loan program offers borrowers unmatched performance and cost savings with low fixed-rates and low fixed closing costs of a bank portfolio program.
·15 and 30 Year Amortization
·3, 5, 7, 10, 15 Year Fixed Rate Terms
·No Replacement Reserves Impounded
· Class A, B and C properties
·Section 8 - Subsidized Rents OK
·Assumable at Lender Discretion
·No Balloon or Call Provisions
·Maximum LTV 80%
·Step Down Prepayment
·Minimum DSC of 1.20:1
·Standard 1% fee
·Limited Impound Requirements
Property management experience is generally required for properties with 12 or more units, or property management letter and resume may be substituted. Multifamily investors net worth requirements must meet or exceed loan request.
AAM Capital 7010 McCutcheon Rd Chattanooga, TN 37421-1747
