National Capital, LLC

Creative Financing for Innovative Ideas

Fixed Rate

Multi-Family Program

 

Property Type Class A, B, and C, Mobile Home Parks and Student Housing

 

Loan Size - $5,000,000 or greater

 

Security First mortgage on the Fee Simple Interest.  Leaseholds will be considered on a case by case basis.

 

Loan Terms 5, 7, 10, or 20 years

 

Amortization Up to 30 year amortization*

 

Interest Only Interest only period are available, include full term interest only.

 

Debt Service Coverage Ratio Minimum DCSR 1.25x

 

Borrower Generally, must be a bankruptcy remote, single purpose entity.  Non-recourse to Borrower and Key Principals except for standard carve-outs including fraud, misapplication of funds, environmental and voluntary bankruptcy.

 

Maximum Loan to Value 80%

 

Loan Escrows Taxes and Insurance and Replacement Reserves for Capital Expenditures

 

Reserves at Closing The Borrower shall establish a deferred maintenance reserve account at closing equal to 125% of required deferred maintenance repairs.

 

 

 

 

*Longer term amortization is available on an exceptional basis.