APARTMENT & COMMERCIAL LENDING DIVISION

Call for pricing 800-488-4981

RATES ARE LOWER ! WE HAVE A NEW COMMERCIAL PROGRAM! CHECK US OUT! Please give us a call with your scenario. We also have a program that starts at a $400,000 loan amount.

         

Income Property Division

INCOME PROPERTY LOAN PROGRAMS

October 2007

3 year Interest Only

Initial Fixed Interest Rates                    Loans $400,000 to 2,999,000                    Loans $3,000,000 to 7,000,000

                            Prepayment                 Apartments        Commercial                     Apartments        Commercial

                           

3 Yr.              3-3                                  6.625%               6.875%                             6.125%                6.375%

        5 Yr.             4-3-1                               6.750%               7.000%                             6.250%                6.500%

      10 Yr.             5-4-3-1                           7.125%               7.375%                             6.625%                6.875%

      15 Yr.            5-4-3-2-1                         7.250%               7.500%                             6.750%                7.000% 

Minimum Debt Service                             1.10 DCR            1.15 DCR                         1.10 DCR             1.15 DCR

Max LTV 75% all programs

 

****** FEES******

1.250% loan fee on all loans under 1 million.

1.000% loan fee for loan amounts over 1 million.

Call for par pricing!

 

NOTE: About 45-60 days to close from date appraisal check is received

LTV to 75%   Purchase                     LTV to 75% Refi  

$2500 deposit typically required for appraisal, environmental and property inspection.

$1375 up to $1MM, $1475 up to $3MM, $1575 over $3MM for U/W, Admin. and Docs. $500 processing fee. $150 legal review/entity additional doc fees may be req’d based on entity structure, post closing requirements (hold backs, side letter agreements, super rush, re-lock fee, etc.)

 

 

Account representative:

Ted Klumb        usnm@usnational.com

Jay Arend          jay@usnational.com

800-488-4981                                         425-820-7078  (fax)

 

*******Rates subject to change without notice.******

 

WE ALSO HAVE PROGRAMS FOR LESS THAN PERFECT CREDIT.  CALL FOR PRICING AND SCENARIO'S!!!!!!

WE ALSO HAVE LINES OF CREDIT!!!!!!!!!

 

 

 

Call us with your scenario.  Prices subject to change without notice. 800-488-4981