Program CM210
Small Apartment Loans

• Loan amounts $250,000 to $1,500,000
• Minimum FICO 660
• Owner occupied or investor properties accepted                             
• Rates from 7.50%
• Maximum loan-to-value (LTV) 80%
• Fixed rates for 2, 3, 5, 7, 15, 20 & 30 years
• Best rates are published, final rate is dependent upon loan to value, quality of property and strength of borrower   
• Amortization up to 30 years
• Unlimited cash out for any reason
• Loan assumability option available 
• Easy qualification based on lenient underwriting guidelines
• All loans are personal recourse to borrower(s)/guarantor(s)

Program CM220
Credit Challenged Apartment Loans

• Loan amounts $250,000 to $1,500,000
• Minimum FICO 600
• Rates from 7.00%
• Maximum loan-to-value (LTV)/combined-loan-to-value (CLTV) 85%

Program CM230
Large Apartment Loans

• Loan amount from $1,000,000 to $5,000,000
• Maximum loan-to-value (LTV) 90% 
• Minimum FICO 600
• Amortization 15/20/30 years
• Subordinate financing up to 20% of property value allowed
• No personal recourse to borrower(s)/guarantor(s) option available 

Program CM240
Participating Loan

• Participating loans are structured like debt but work like equity
• Loan size from $3,000,000
• No current pay requirements 
• 3-4 year term
• Up to 98% loan-to-cost (LTC), not to exceed 90% of equity
• Given the return requirements, participating loans are most suitable for underperforming assets or reposition plays
• Participating loans are usually repaid through sale of the project
• Returns are based on the profitability of the project

Program CM250
Mezzanine Loans

• Loans are structured as debt with monthly interest payments
• Loan size from $4,000,000
• 3-5 year term
• Up to 85% loan-to-cost (LTC)
• Depending on risk analysis, an exit fee or limited profit participation may be required

Program CM260
No Doc. Apartment Loans

• No income, no asset verification 
• Loan size from $250,000 to $750,000
• Minimum FICO 680
• Rates from 9.25%
• Maximum loan-to-value (LTV) 75%
• No secondary financing allowed
• Amortization up to 20 years
• No occupancy requirement
• No seasoning requirement for refinance or down payment
• Loan assumability option available
• Trust, LLC, corporate entity acceptable borrower with personal guarantee
• Quick closings

Program CM270
Sub-Prime Apartment Loans (California Only)

• Loan amounts $250,000 to $1,000,000
• FICO below 540 or no credit score acceptable
• Rates 10.00%-13.00%
• Loan-to-value (LTV): 60%-70% for purchase, 55%-65% for refinance
• First lien and second lien position
• 5-25 year terms

Program CM280
Additional Advance Loan (S. California Only)

• Get the loan you need now, and get additional advances under the same loan later when you need it, based on your increased cash flow or increased property value
• 25-year loan term
• Wall Street Prime rate index
• Amount $250,000-$5,000,000
• Maximum lombined-loan-to-value (CLTV) 65%

Program CM290
Equity Line of Credit (California Only)

• 10-year line of credit
• 25-year loan term
• Wall Street Prime rate index
• Line Amount $250,000-$750,000    (N. California)
• Line Amount $250,000-$5,000,000 (S. California)
• Maximum combined-loan-tov-value (CLTV) 70%