Multifamily Term
Rates Starting at
6.81%*
Roc Capital Makes Multifamily Term Loans Easy
Multifamily Term Terms
Maximum Loan To Cost | If owned < 3 months, 70% of Total Cost Basis If owned between 3-6 months, additional 5% haircut on Max Eligible LTV |
Maximum Loan To As-is Value (subject To Minimum Fico) | Purchase/Rate-Term Refinance: 70% Cashout Refinance: 70% |
Minimum Guarantor Fico | Mid-Score of 680 |
Recourse | Full Recourse or Non Recourse with bad-boy carveouts and Pledge of Equity |
Loan Types | 30-Year Fixed Rate Mortgage, OR 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing) |
Loan Amount | $250,000 - $3,000,000 |
Term Length | 30 Years |
Property Types | 5-8 Unit Residential Properties |
Minimum Debt Service Coverage Ratio (net Cash Flow/debt Service) | 1.20x - 1.40x, based on subject market classification (Top, Standard, Small, Very Small) |
Lease Requirements | Minimum Occupancy Rate of 90% by Unit Count Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent Unleased Units: 90% of Market Rent (Purchase Loans only) |
Attractive alternative to traditional bank and agency financing
Common sense underwriting
Funding for mixed use properties, including singles and portfolios
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US states
in funded loans
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