(240) 474-9774
MULTI-FAMILY & MIX-USE LOAN PROGRAM*
A business entity
established before closing.
QUALIFICATION
• Short-Term: 620 Minimum FICO Score
• Long-Term: 680 Minimum FICO Score
• 3 Months of Cash Reserves
• Down Payment
• Closing Cost
• No Derogatory Public Records in the Past 2 Years
LOAN TERMS
• Short term 12 Months (6-Months Extension Available)
• No Prepayment Penalty on 12 Months Loan
• Long Term - 30-Year Fixed Rate and 5/1 Hybrid ARM Options
• Prepayment Penalty: 5% for 3,5,7 or 10 years
• Interest Only Options Available
• Rates Staring at 8%
FEES
• Cost of an Appraisal
• $25 Credit Check
• Points at Closing
• $995 Legal Fee at Closing
• Light Rehab Purchase: No to Exceed 65% of ARV
• Light Rehab Purchase: Max Up to 70%% of Purchase Price + 100% of Rehab Cost
Pricing
• Short-Term: $250k – $10M ($1M Max per unit)/Mixed-Use)
• Long-Term: $250k – $3M ($1M Max per unit)/Mixed-Use)
ELIGIBLE PROPERTIES
• Multi-Family Real Estate - 5 to 25 Unit Apartments
REQUIRED DOCUMENTATION
• Loan Application
• 3 Months of Bank Statements
• Tax Returns
• Corporate Documents
MAX LEVERAGE (Experience 3+ Fix/Flip/Rental within 3 yrs)
• Light Rehab Purchase: No to Exceed 70% of ARV
• Light Rehab Purchase: Max Up to 80%% of Purchase Price + 100% of Rehab Cost
• Heavy Rehab Purchase: Min Up to 65% of ARV
• Heavy Rehab Purchase: Max Up to 70%% of Purchase Price + 100% of Rehab Cost
Quick Close
Close in 2 to 3 weeks or in as little as 10 days on repeat business.
Easy
Low documentation and simple application process.
Transparent
All fees and payments clearly disclosed.
* This is not a commitment to lend. All offers of credit are subject to approval. Restrictions may apply. Smart Real Estate Solution reserves the right to amend rates and guidelines. The above statements are not and shall not, under any circumstances, be construed as a commitment on the part of Smart Real Estate Solution to provide any financing. SMART REAL ESTATE SOLUTION SHALL BE UNDER NO OBLIGATION TO FUND ANY LOAN TO ANY BORROWER UNLESS AND UNTIL IT IS SATISFIED, IN ITS SOLE AND ABSOLUTE DISCRETION, WITH ITS DUE DILIGENCE REVIEW AND FORMAL LOAN DOCUMENTS PREPARED BY ITS COUNSEL.
We are experienced real estate investors in , and specialize in off-market properties.