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Bayport Funding

Long Term Commercial Loan
DSCR Mixed Use 2-8 & 5-8 Unit Residential - LG332

Bayport Funding

Summary of all Guidelines

Loan Types Commercial Loan
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

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

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