Details.
Refinancing for existing multifamily structures with at least five units, including cash-out refinance options subject to applicable limits and conditions. Available to single asset, single purpose entities, with fully non-recourse terms. Maximum loan amount is below $130 million, with maximum terms of 35 years and fully amortising repayment. Subject to HUD requirements, including occupancy, mortgage limits, escrows, replacement reserves and third-party reports.