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Eastern Mortgage Capital

Long Term Commercial Loan
223(f) Multifamily Acquisition/Refinance HUD Insured Mortgage - LG253

Eastern Mortgage Capital

Summary of all Guidelines

Loan Types Commercial Loan
Property Types Mixed use, Multi Family
Lendding Area NATIONWIDE
Loan amount Minimum $1,000,000
Loan amount Maximum $120,000,000
Lien Position 1st
General Pricing or Guideline info The following description is a summary of a core lending program offered by Eastern Mortgage Capital. We encourage you to contact us today for specific information and for a more thorough explanation []ACQUISITION: Lesser of 85.0% Loan-to-Value* or 85.0% Loan-to Acquisition-Cost*, Seller romissory note allowed [] REFINANCE: Up to 85.0% Loan-to-Value*, 80% with cash-out [] Up to 35- Year Amortization [] Up to 35- Year Term (no balloon) [] No maximum loan amount [] Low, fixed interest rate, based on market spreads over 10 Year Treasury Yield. [] Non-recourse [] Flexible and negotiable pre-payment terms, NEVER defeasance or yield maintenance [] This is a conventional mortgage, HUD/FHA does not limit rents, tenant income or return on equity  [] 1.1765 Minimum Debt Service Coverage. More aggressive LTV and DSC available for affordable projects [] This loan is always assumable [] Moderate Rehab allowed [] Value sizing is based on market rents and occupancy, regardless of actual 90 day collections, subsidy, or restrictions.
Updated as of 2023-09-24

The following description is a summary of a core lending program offered by Eastern Mortgage
Capital. We encourage you to contact us today for specific information and for a more thorough
explanation

[]ACQUISITION: Lesser of 85.0% Loans-to-Value* or 85.0%
Loans-to Acquisition-Cost*, Seller romissory note allowed

[] REFINANCE: Up to 85.0% Loans-to-Value*, 80% with cash-out

[] Up to 35- Year Amortization

[] Up to 35- Year Term (no balloon)

[] No maximum loan amount

[] Low, fixed interest rate, based on market spreads over 10 Year Treasury Yield.

[] Non-recourse

[] Flexible and negotiable pre-payment terms, NEVER defeasance or yield maintenance

[] This is a conventional mortgage, HUD/FHA does not limit
rents, tenant income or return on equity

[] 1.1765 Minimum Debt Service Coverage. More aggressive LTV and DSC available for affordable projects

[] This loan is always assumable

[] Moderate Rehab allowed

[] Value sizing is based on market rents and occupancy, regardless of actual 90 day collections, subsidy, or
restrictions.

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