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Program Guidelines

Loan Amount:                      Up to $6 million nationwide

Term:                                   5 -30 years

Amortization:                       Up to 30 years

Interest Rate:                       Fixed and Variable options available

Maximum:                             LTV 80%

Minimum:                              DSCR 1.25x

Supplemental Financing:       Supplemental Mortgage Loans are available

Prepayment:                         Flexible prepayment options available, including yield maintenance

                                             and declining prepayment premium

Rate Lock:                             30 to 180-day commitments

Accural:                                 30/360 and Actual 360

Recourse:                               Non-recourse execution is available with standard carve-outs for

                                              "bad acts" such as fraud and bankruptcy

Escrows:                                 Replacement reserves may be waived for certain transactions.

                                               Replacement reserve, tax, and insurance escrows are typically

                                               required for higher leverage transactions

Third-Party Reports:              Streamline inspection and environmental screening using the

                                              ASTM E-1528-14 protocol

Assumption:                           Non-recourse loans are typically assumable, subject to review and

                                              approval of the new borrower's financial capacity and experience

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