MULTIFAMILY EASY-DOC PROGRAM
This program has been designed for all your self-employed/nonbankable borrowers. Tax Returns are required for verification purpose only.
1. 888. 358 . 3444 WWW.METWESTONLINE.COM
GENERAL PARAMETERS
MULTIFAMILY & MIXED-USED
Loan Amount
$100,000 to $3,000,000
Amortization
30 years
Maximum LTV
80% LTV
Subordinated Financing
Not Available
DSCR
1.20x
Minimum Fico Score
650 Middle Score
Fixed Period
5 & 7 Years Options
Rate Structure
1% Initial, 1% per 6 month., 6% Life Cap over the start rate
Rates starting at
7.99% Fixed for 3 years
Rate Lock
Until Loan Docs are drawn
Personal Recourse
Required
Prepayment
5% Per each year loan is fixed. For example 5 year fixed 5%, 5%, 5%, 5%,5% Decline Prepay available 50 BPS to rate
Nationwide/States Preferred No Rural Properties
FL, NY, NJ, CA,TX, CO, PA, NC, SC
States Ineligible
IL,MI,ND,SD,TN,VT
Transaction Type
Purchase, Refinance, Cash Out Refinance
Eligible Property Types
5 + Units on Multifamily Mixed-Used 50% Residential 50% + Commercial
Brokers
Protected
Metwest is a Correspondent Lender financing small-balance commercial properties nationwide since 1999