Multi-Family Loan Program

Loan Limits

$1,000,000 – No Maximum

Recourse

Recourse & Non-Recourse

Loan Types

Acquisition
Refinance
Cash-Out Refinance

Maximum LTV

80.0% (Purchase and refinance)
75.0% (Cash-out)

Post Closing Reserve Minimum

Conventional: None / FNMA: Equal to the Loan Amount

Occupancy Type

Investor

Occupancy Minimum

85.5%

Eligible Locations

Primary & Secondary Markets Nationwide

DSCR Minimum

1.20%

Collateral Eligible

Multifamily, 5 Units & Up (Commercial space allowed up to 35%
of net rentable area and maximum 20% of effective gross income)

Interest Rate

4.5% – 6.5%

Credit Minimum

660

Amortization

30 Years

Loan Points

1.00%

Term

5, 7, 10, 15 & 30 Year Fixed

Prepay

Conventional: Declining / FNMA: Yield Maintenance

Closing Time Frame

45 – 60 Days

The Continental Finance Difference

Nationwide Program
Competitive Terms
You and Your Clients are Completely Protected
Charge up to 2.00% Origination Points