Summary Executive Multifamily Sample Property Type Multifamily Requested Loan Amount $ 1,530,000 Loan Purpose Purchase Loan Term (Years) 10 Amortization(Years) 30 Requested Interest Rate 7.300% Loan To Value 80.0% Debt Service Coverage Ratio 1.23 Present Occupancy % 91 Purchase Price $ 1,900,000 Underwriting Reserves 5.0% Min. Vacancy Reserve 4.0% Min. Management Fee $ 250/Unit Replacement Reserve Summary The subject property is a multi-story apartment complex constructed in 1996 and renovated in 2000. The complex consists of 2 buildings with a total of 36 apartments. The unit mix consists of 1BR/1BA and 2BR/1.5BA units in each building.
Executive Summary Multifamily Sample Property Type Requested Loan Amount Loan Purpose Loan Term (Years) Amortization(Years) Requested Interest Rate Loan To Value Debt Service Coverage Ratio Present Occupancy % Purchase Price Underwriting Reserves Min. Vacancy Reserve Min. Management Fee Replacement Reserve Multifamily $ 1,530,000 Purchase 10 30 7.300% 80.0% 1.23 91 $ 1,900,000 5.0% 4.0% $ 250/Unit Summary The subject property is a multi-story apartment complex constructed in 1996 and renovated in 2000. The complex consists of 2 buildings with a total of 36 apartments. The unit mix consists of 1BR/1BA and 2BR/1.5BA units in each building.