Term
- Up to 60 Month Term 
- Must have occupancy permit within term 
Purpose
- New Construction 
- Value Add 
- Stabilization/Bridge to Perm 
Property Type
- Market Rate Multifamily, Age Restricted 
- 55+, Mixed-Use, Student Housing, Repositioning / Conversions/ Condo/tel 
Total Units
- Up to 250 Units (5 Stories Maximum) 
Loan Size
- Min $10.0 MM 
LTV
- 65% LTV; 65% + LTV 
LTC
- 85% LTC Standard 
- 90% LTC 
DSC
- Minimum 1.2 
Borrower Financials
- 100% Acquisition Equity 
- 5% of Loan Amount Liquidity Post Closing 
- 10% of Loan Amount Liquidity for Max or 
- Outside of Standard Loan Underwriting 
Borrower Experience
- Proven track record with a similar scope project. 
Borrower Credit
- FICO Minimum 700 
General Requirements
- All lending for investment purposes only 
- Interest calculated on drawn balance 
- Construction draws based on inspection report 
- No rural properties 
- 1st Lien Position at all times 
