- Property Type : 2-4 Units
- Loan Type : Commercial Loan
- State : Texas
- City : Houston
- Funded Amount : $228,750
Long Term Rental Loan | |
Property Types | 2-4 Units, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $500,000 |
Loan amount Maximum | $6,250,000 |
Terms | 5 year, 10 year, 30 year |
Credit Score Min | 620 |
Lien Position | 1st |
Prepayment Penalty | 5,4,3,2,1, 5,5,5,5,5, 3,2,1 |
General Pricing or Guideline info | Property Requirements • Min of 3 SFR/2-4-unit properties or $500,000 loan amount • Max of 50 properties may be combined into 1 loan • Min unit value: $100,000 |
Updated as of | 2023-04-21 |
Summary of all Guidelines | |
Loan Types | Commercial Loan, DSCR Loan |
Property Types | Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Restaurant, Retail, Self-Storage, Warehouse |
Lendding Area | NATIONWIDE |
States Excluded | Hawaii, Idaho, Michigan, Montana, Nevada, North Dakota, South Dakota, Vermont, West Virginia, Wyoming |
Loan amount Minimum | $100,000 |
Loan amount Maximum | $2,000,000 |
Interest Rate Minimum | 6% |
Interest Rate Maximum | 10% |
Terms | 5 years, 20 year, 30 yrs |
Credit Score Min | 620 |
Interest Only or Amortized | Amoritzed |
Prepayment Penalty | 3+ years |
LTV Bridge | 60 |
Upfront Fees | Loan Documents, Other |
Personal Guarantee /Recourse Required | Recourse |
Intended Occupancy | Owner, Non-Owner |
Special Features | Non-prime |
Rural Acceptable | Top 200 MSA only |
Consumer Purpose Occupancy Types - 1st Mortgages | Yes |
At Silver Hill Funding, LLC, we're dedicated to making commercial mortgage closings efficient and rewarding. Explore the possibilities of working with us and take advantage of our enhanced solutions to serve your clients better.
Backed by excellence.
We’re part of the Bayview Asset Management family, one of the top investment management firms in the nation, which currently manages approximately $14.3 billion in AUM. Together, we provide our clients certainty – even in uncertain times.
Our vision.
Through the passion, expertise, and resourcefulness of our people, we unlock innovative mortgage solutions for brokers and borrowers nationwide.
Our values.
Silver Hill’s company values are present in the work we do every single day for our clients before, during, and after we close a deal.
Are you prepared to streamline your small-balance commercial mortgage closings with Silver Hill Funding, LLC? Thanks to recent enhancements, such as our Lite Doc Investor and Bank Statement solutions, you and your clients can explore expanded opportunities to collaborate with us.
Silver Hill Funding is located in Coral Gables, Florida. They offer financing for Commercial Loans and DSCR Loans. The property type they primarily lend against is Multi Family, Office, Industrial, Retail, Mixed use, Mobile Home Park, Restaurant, Self-Storage and Warehouse. Their minimum loan amount is $100,000. Their maximum loan amount is $2,000,000. They offer loans for a minimum Term of 5 years. Maximum duration of 5 years;20 year;30 yrs. Although rates can change they are typically lending at a minimum rate of 6%. Maximum interest rate of 10%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 0.
These descriptions are limited information and meant for general reference purposes.