PROGRAM |
Metwest Express |
| Loan Purposes |
Permanent first mortgage loans for
Acquisition financings and refinancing. |
| Financing Size |
$100,000 – minimum
$1,000,000 – maximum |
| Term: |
1, 2, 5, 7, 10yrs or fully fixed |
| Loan to Value Ratio: |
Up to 80% - Multifamily/Mixed-Use, Retail, Office, Warehouse, Automotive, and other property types.
90% CLTV Available |
| Interest Rate: |
Fixed and variable |
| D.S.C.R.: |
(Flexible) |
| Collateral: |
First Mortgage, recourse loans.
Guaranties required. |
| Prepayment: |
Typically 2-3 years Interest
Guaranty/5% for 5 yrs prepayment penalty. |
| Funding: |
45 business days following execution of application. |
| Lender Fees |
Origination :
1%
Processing:
$750
Underwriting:
$1500 |
| Submission: |
The following documents are required for our initial review:
- Metwest submission form.
- Credit Report (minimum FICO 660)
- Completed 1003 (Residential Application)
|