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PROGRAM HIGHLIGHTS 5 Year Fixed

Pre-approval letter within 2 business days with rates as low as 5.50%

OUR PROGRAM
   
PRODUCT HIGHLIGHTS GENERAL PRODUCT FEATURES
  • Non-recourse
  • No tax Return Required
  • Cash out
  • Lifetime floor rate is set at the start rate
  • Flexible repayment options
  • Full term IO available

 

 
PROGRAM AND CREDIT FEATURES
   
INTEREST RATE 6.50% - 7.25% on income producing properties (DSCR>1.30)
LOAN PROGRAM 5 year fixed - balloons at the end of 5 years
AMORTIZATION 30 years amortization or interest only option available.
ELIGIBLE PROPERTIES  Multifamily, office, warehouse, self-storage, and mixed-use property types
INCOME No Personal or Business tax returns required
LTV Max LTV of 65%
LOAN AMOUNT $3,000,000.00 to $100,000,000.00
RECOURSE Non-recourse with standard carve-out provisions required
BORROWER All loan are required to close in the name of a Single Purpose LLC
TAX & INSURANCE ESCROWS Tax & Insurance escrows required on all loans
FOREIGN NATIONALS Borrower must have a checking account in a US based Bank
   
How we differentiate from Commercial Banks
   
KDM Commercial Banks
Require Asset Documents Only X Require Asset & Sponsor Documents
No Annual Tax Docs X Annual Borrower Audits
Higher Borrower Cash Flow X Annual Business Tax Docs
Require Asset Documents Only X Increased Insurance Requirements

 

pre-approval letter within 1-2 business days