Fixed Rate Non-Recourse loans up to 80% loan-to-value ratio

Though our correspondent relationships we are direct to Fannie Mae and Freddie Mac, including their Small Balance Loan Programs. We are also direct to FHA and HUD.

Fannie & Freddie Mac Small Multifamily Loan Program Guidelines

Refinance or acquisition

Loan Size: $1.5 – 7.5 Million

10+ Units

LTV: 80%

90%+ occupancy for at least 90 days

1% Origination Fee for Bluewater Capital Partners; Lender does not charge any origination fees

$8,500 Third Party & Lender Legal Fees

No Repayment Guarantees

Required; Standard “Bad-Boy Carve Outs”

30 Year Amortization Schedule

Prefer Borrowers with apartment ownership/management experience


Borrower Net Worth equal to or exceeding Loan Amount, including liquidity of 9 months of debt service

Tax Returns not required

DSCR: 1.20 -1.25

Prepayment penalties apply Assumable

Brokers Protected

Initial Submission Package Requirements

Current Rent Roll including original occupancy date

12 Months TTM P&L

Property Description – Address, Location, Age, Construction Type, Amenities, Competitive Properties rents, if available

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