Commercial Investment Capital Group, Inc.
Unit Limitations: $1 million to $7.5 million in all markets
Note: Loan between $6 million and $7.5 million in Small and Very Small
Markets by exception.
Loan less than $6 million no unit limitations
Loans between $6 million and 7.5 million up to 100 units
(exceptions permitted above 100 units)
Loan Purpose: Acquisition or Refinance (Cash-Out Available)
Eligible Properties: Conventional multifamily housing with five residential units or more.
Mixed-use properties subject to limitations.
Loan Terms &
Rate Structure: 20 Year Hybrid ARM with initial 5, 7, or 10-year fixed-rate period
5, 7, or 10-year fixed-rate mortgage.
Partial interest-only and full-term interest-only may be available.
Amortization: Up to 30 years
Prepayments: Declining schedules and yield maintenance available for all loan types
Coverage: 1.20x Top 1.25x Standard
1.30x Small 1.40x Very Small
Maximum LTV: 80% available in Top and Standard Markets
Recourse: Non-recourse with standard carve-out provisions
Liquidity: Net-worth equal to or greater than loan amount
Liquidity equal to or greater than 9 months P&I prior to closing
Credit: Minimum FICO score of 650
Occupancy: Minimum 90% occupancy of units for 90 days prior to underwriting
- Highly competitive rates
- Flexible terms and prepayment options
- Streamlined process - faster closing times
- Interest-only available
- Up to 80% LTV in certain areas