| LARGO CAPITAL DIRECT
Financing for Multifamily and Manufactured Housing Properties
STANDARD LOAN PROGRAM: Minimum Loan amount of $5,000,000 - 1.25x DSC and 80% LTV
| Term |
Prepayment Penalty |
80% LTV/1.25 DSC |
65% LTV/1.35 DSC |
55% LTV/1.55 DSC |
| 5 |
4.5 Year |
4.930% |
4.730% |
4.510% |
| 5 |
3 Year |
5.080% |
4.930% |
4.680% |
| 7 |
6.5 Year |
5.550% |
5.350% |
5.130% |
| 7 |
5
Year |
5.700% |
5.450% |
5.280% |
| 10 |
9.5 Year |
5.980% |
5.780% |
5.560% |
| 10 |
1 Year Floating |
6.420% |
6.220% |
6.000% |
Standard 1% Loan Fee on All transactions> Standard 1% Loan Fee on All transactions
Program Highlights:
- 30 year amortizations
- Interest Only Available but subject to some restrictions
- Non-recourse available with standard 'Carve Outs'
- Tertiary markets are acceptable
- Supplemental Mortgages available after 1 year. $500,000 minimum.
To Receive a competitive quote, please submit the following information to:
Lori Tirado (LTirado@largocapital.com)
Historical operating statements (including year-to-date statements), photographs of the subject property, current rent roll, sponsor's personal financial statement and resume |