| LOAN AMOUNT | $750,000 minimum |
| LOAN TERM | Up to 30 years |
| AMORTIZATION | Up to 30 years |
| MINIMUM DSC | 1.20x (fixed) |
| MAXIMUM LTV | Up to 80% |
| FIXED RATE | Yes |
| ADJUSTABLE RATE | Available; Priced off the one month or three month SOFR. Convertible and non-convertible options available |
| ELIGIBLE PROPERTIES | Multifamily, minimum five units |
| ELIGIBLE BORROWER | Single asset entity |
| OCCUPANCY REQUIREMENT | 85% physical occupancy; 70% economic occupancy |
| TAX & INSURANCE ESCROWS | Monthly deposits required |
| REPLACEMENT RESERVES | Underwritten at a minimum $250 per unit per annum |
| RECOURSE | Non-recourse with standard exceptions for fraud and misrepresentation can be waived for 100% restricted properties. |
| COMMERCIAL SPACE | Maximum 35% of net rentable area and maximum 20% of effective gross income |
| REQUIRED REPORTS | Appraisal, Property Condition Assessment, Phase I Environmental |
| PREPAYMENT | Yield maintenance and other declining prepayment options are available |
| ASSUMABLE | Subject to approval and 1% fee |
| SUPPLEMENTAL LOANS | Eligible for secondary financing after 12 months |
| PRICING | Tiered Pricing Matrix; more favorable terms available for higher DSC and lower LTV |
| RATE LOCK | Standard 30- to 180-day rate lock period; early/extended rate lock options available |
| APPLICATION DEPOSIT | $23,000; covers estimated processing and legal fees; an additional $10,000 deposit required for Green Rewards |
| ORIGINATION FEE | Minimum 1%; par pricing available |
| GOOD FAITH DEPOSIT | 2% of loan amount |
