Bayport Funding

Long Term Rental Loan DSCR
Property Types	2-4 Units, Condo, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$125,000
Loan amount Maximum	$5,000,000
Interest Rate Minimum	8%
Interest Rate Maximum	10.75%
Terms	5 / 6 month ARM, 30 year, 40 year
Credit Score Min	680
Interest Only or Amortized	Amortized and Interest Only Options available
Entities	Corp - Corporation, LLC - Limited Liability Corporation, Individual
Lien Position	1st
Prepayment Penalty	1 year, 2 years, 3+ years, 5,5,5,5,5
Documents needed	Appraisal, Lease Agreements, Rent Roll
Intended Occupancy	Tenant
Special Features	40 year I/O, 40 year loan term available, Foreign National, Non-warrantable condos permitted
Reserve Requirement	12 months
General Pricing or Guideline info	SINGLE RENTAL PROPERTY LOANS Individual rental properties 1-4 units, townhouses $100K – $5M Up to 75% of value Fixed rates 30 year term Pre-pay penalty: 1-5 year options No tax returns required LLCs or Corporations Foreign nationals eligible RENTAL PORTFOLIO LOANS 2+ rental properties Single family, 2-4 Units, or townhouses $250K-$5MM Up to 75% of value 30 yr Fixed Rate 30 year amortization Pre-pay penalty: 1-5 year options No cash management required LLCs or Corporations Foreign nationals eligible
Updated as of	2023-11-14
Program Code	LG331

Bridge Loan Residential (1-4 Family), Bridge Loan
Property Types	2-4 Units, Condo, SFR
Lendding Area	NATIONWIDE
Loan amount Minimum	$50,000
Loan amount Maximum	$2,000,000
Interest Rate Minimum	10.5%
Interest Rate Maximum	14%
Terms	1 year, 2 year
Credit Score Min	650
Interest Only or Amortized	Interest Only
Entities	Corp - Corporation, LLC - Limited Liability Corporation, LP - Limited Partnership, Trust, Foreign Nationals
Extensions Available	Yes
Cross Collateralize Blanket	Yes
Lien Position	1st
Prepayment Penalty	6 months
Documents needed	Bank Statements - Business Account - 1 month
Recourse	Recourse
General Pricing or Guideline info	Lien: First Lien Mortgage Loan type: Business Purpose Interest reserves: Required for certain loans as set forth in Borrower Liquidity section below Full Recourse Minimum Loan size: Single Family/Condo: $50,000 funded loan amount at loan acquisition 2-4 Family: $75,000 funded loan amount at loan acquisition Maximum Loan Size: $2.0 million ($7.5 million in cases approved by Loan Lender). Amortization: Interest Only Prepayment: Up to 6 months of prepayment penalties are permitted Eligible property types include the following: •1-4 Family Underwriting Matrix •Single-family residences •2-4 family residences •Condominiums •Townhomes
Updated as of	2023-11-14
Program Code	LG333

Long Term Commercial Loan DSCR Mixed Use 2-8 & 5-8 Unit Residential
Property Types	Mixed use, Multi Family
Lendding Area	NATIONWIDE
Loan amount Minimum	$250,000
Loan amount Maximum	$2,500,000
Interest Rate Minimum	8%
Interest Rate Maximum	10.75%
Terms	5 / 6 month ARM, 30 year, 40 year
Credit Score Min	660
Interest Only or Amortized	Amortized and Interest Only Options available
Entities	Corp - Corporation, LLC - Limited Liability Corporation, Individual, Trust
Lien Position	1st
Prepayment Penalty	5,5,5,5,5
Documents needed	Appraisal, Lease Agreements, Rent Roll
Intended Occupancy	Tenant
Special Features	10/1 Interest-Only, 40 year I/O, 40 year loan term available
General Pricing or Guideline info	Occupancy •Investor-Only Product Offering •5/6 ARM •5/6 ARM 10 Year IO (40 Year Term) •5/6 ARM 10 Year IO (30 Year Term) •30 Year Fixed Rate Mortgage •30 Year Fixed Rate Mortgage (10-year Interest only) •40 Year Fixed Rate Mortgage (must include a 10-year Interest only period) Min | Max $250,000 | $2.5M Property Types •5-8 Units Residential Properties •2-8 Units Mixed-Use Properties •Minimum 50% of square footage must be residential •Minimum of 2 stories Prepayment Penalty •Required 5-Year PPP Required Limitation on Financed Properties •Capped at 6 loans or $5,000,000
Updated as of	2023-11-14
Program Code	LG332

Summary of all Guidelines
Loan Types	Bridge Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Types	2-4 Units, Mixed use, Multi Family, SFR
Lendding Area	alabama, arkansas, colorado, connecticut, delaware, florida, georgia, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, west-virginia, wisconsin, wyoming
Loan amount Minimum	$100,000
Loan amount Maximum	$6,000,000
Interest Rate Minimum	10.5%
Interest Rate Maximum	12%
Points Minimum 1st TD	1
Points Maximum 1st TD	2
Terms	2 years
Interest Only or Amortized	Interest Only, Amoritzed
Prepayment Penalty	3 months
LTV Bridge	65
LTC Construction	90
Upfront Fees	Underwriting
ARV Rehab & Construction	75
LTC Rehab	90
LTV Long Term Rental	80
Personal Guarantee /Recourse Required	Personal Guarantee Required / Recourse
Intended Occupancy	Vacant, Tenant
Percentage of Budget Financed - Rehab	100
LTC Percentage of Budget Financed	100

Bayport Funding is located in Great Neck, NY. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans, Rehab Loans and DSCR Loans. The property type they primarily lend against is Multi Family, Mixed use, SFR and 2-4 Units. Their minimum loan amount is $100,000. Their maximum loan amount is $6,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 2 years. Although rates can change they are typically lending at a minimum rate of 10.5%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 2.

These descriptions are limited information and meant for general reference purposes.