InterstateFinancialGroupOnline.com Fannie Mae Small Multi Family MHC

Loan Amount $5,000,000 minimum Loan Term Up to 30 years Amortization Up to 30 years. Interest-only options also available Minimum DSC 1.25 Maximum LTV 80%. If cash-out, 75% Fixed Rate Yes Adjustable Rate Adjustable-rate options available Eligible Property Multifamily, minimum five units Eligible Borrower Individuals, co-tenants and non-single asset entities acceptable Occupancy Requirement 85% Physical occupancy for 90 days. 80% economic occupancy required Tax and Insurance Escrows Monthly deposits required Replacement Reserves Underwritten at a minimum $150 per unit per year Commercial Space Maximum 35% of net rentable area and maximum 20% of effective gross income Recourse Non-recourse with standard exceptions for fraud and misrepresentation Required Reports Appraisal, property condition assessment and phase I Prepayment Yield maintenance Assumable Subject to approval and 1% fee Supplemental Loans Eligible for secondary financing after 12 months Pricing Tiered pricing matrix. More favorable terms available for higher DSC and lower LTV Rate Lock Standard 10-day rate lock period. Extended-rate lock options available Application Deposit $15,500. Covers all estimated underwriting costs (including processing fee) Processing Fee $6,000 non-refundable Origination Fee Minimum 2%. Par pricing available Good Faith Deposit 3% of Loan amount, due at rate lock, refundable post closing Best Regards, Lloyd Carrington Jr. lloyd@interstatefinancialgrouponline.com interstatefinancialgrouponline.com 972-891-9364