APARTMENT FINANCING: Up To 90% LTC

TRTY             Nationwide

AMNT          $2M (minimum)    Cash Flow Analysis

LTV               75 – 80%               Nationwide

                      90%                       Boston, DC, New York City, San Francisco, San Jose

CLTV             Cased by Case       Seller seconds allowed

INT               6.5 – 7.5%            Interest Only

PTS               2 – 4                      To Lender

TRM             1 – 2 years

PPP               No pre payment penalty

CRDT            Not credit driven

DSCR            Not  ratio driven

Loan Types:                       Acquisition, Refinance, Renovation, Repositioning,

                                             DIP Properties, REO Purchase, Low Occupancy Properties

Property Type:                 Buildings or Complexes

Cash Flow Analysis:         Common sense evaluation, need sufficient cash flow to pay debt service or show ability to pay debt service during term of loan