Streamline Fixed
Streamline Apartment Loan Program Overview NO CALL Loan
Bank of Internet's Small Balance Apartment Loan Program simplifies the process of obtaining apartment
financing for apartment loans under $5 million. Through a streamlined loan process, borrowers save time
and money with reduced document requirements and streamlined third party reports. This loan process allows
for quick closings, often under 45 days from receipt of application package.
Program Highlights
- Apartment Loans from $500,000 - $5,000,000
- 25 to 30 Year Amortizations
- 3, 5, Year Fixed Rate Terms
- No Defeasance or Yield Maintenance
- No Commitment Fees
- No Replacement Reserves
- No Balloon or Call Provisions
- Step Down Prepayment
- Minimum DSCR of 1.25:1
- Assumable at Lender Discretion
- A, B primary and C Property Types Considered on a case by case basis
- Mixed-Use Commercial/Residential Acceptable to 20% Commercial Use
