Property Type: Office Buildings
Transaction Type: Purchase, Refinance, & Cash-out Refinance
Loan Amounts: $100,000 to $5,000,000
Max Loan to Value: 65%
Minimum FICO: 650
Rate: start from 7.99% (depends on loan size and LTV)
Fixed Period: 3 & 5 year options
Amortization/Term: 30 year fully amortizing / 30 year loan
Index: WSJ Prime | Margin: 4%
Rate Caps: 2% first adjustment then 1% periodic | 2% annual – 6% life over start rate
Prepayment Penalty: 5% for each year loan is fixed. – Example: 3yr fixed = 5%, 5%, 5%
Prepayment Buy Down: 1 year buy down add 1.00% to start rate (max buy down = 1 year)
DCR Requirements: 1.25x
Appraisal Deposit: $2,750

Additional Lending Guidelines:
· Good Faith Deposit (Appraisal Deposit) required for third party reports
· Impounds for property taxes and insurance required
· CLTV = 10% Above Max Matrix LTV
· Loan is adjustable over WSJ Prime after fixed period
· Free and Clear Properties: Max LTV = 5% below matrix

Eligible States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Minimum population is generally 25,000 unless the town is within 25 miles of a city of 100,000 population.