Properties with 5 or more units, Must have public water and sewer, and must be it's original construction use.

Key Elements of this program:

• Loan Amounts from $500,000-$5,000,000.
• Up to 80% LTV for purchase or rate & term refinance, 75% on cash out refinance.
• 60 day Advance Interst Rate lock at time of application.
• Initial low rates can be fixed for 3, 5, 7, or 10 years.
• Up to 30 years fully amortized.
• NO Balloon at the end of initial fixed term, loan automatically converts to a 6 month adjustable.
• Full Doc loan requiring verification of income & assets