(Disclaimer: Loan information below is for information purposes only and all loans are subject to Lender guidelines and underwriting determination)
The B&I Guaranteed Loan Program improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. Projects are secured by a 1st Deed of Trust/Mortgage on General and Special Purpose commercial real estate, meeting USDA qualifications, having a maximum Loan to Value of 80%, depending on program parameters.
Borrower eligibility is fundamental with a few disparities from the SBA; the borrowing entity must reside in a community (MSA) of 50M or less and the borrower must have tangible balance sheet equity at the loan closing of no less than 10 – 20% for existing businesses, 20% for new businesses, and 40% for energy or bio-based businesses.
USDA B&I Eligible Use of Proceeds:
Eligible Property Types:
Maturity and Amortization:
1) Business - Short term 10 month loan payments (ACH) deducted weekly. Ideal for payroll or maximizing a current order to fulfill.
2) Business 1-3 year loans with added UCC Lien on Real Estate owned
3) Individual - either scenario 1 or 2 may or may not be offered.
Required Documents: Label all docs and make sure they are legible PDF's. NO PICTURES
Minimum Church Loan Starts at $75k
As churches provide an important foundation for people to practice their religious beliefs, they also require permanent and or construction financing to help establish a place of worship for the congregation. At Capital Palm Partners, our consultants are experienced in helping churches obtain the financing they need. And with our loans starting at $300,000, we have the ability to help both small and large churches within the United States.
General Underwriting Guidelines
Fannie Mae's Multifamily communities have relied on Fannie Mae's Delegated Underwriting and Servicing (DUS®) program to provide rental property financing by means of leveraging capital funds, risk-sharing, and providing outstanding asset management.
Capital Palm Partners markets the DUS program for our direct DUS Approved lending institutions, who already adhere to rigorous credit and underwriting standards and submit to Fannie Mae's ongoing credit review and monitoring. Our lending partner will underwrite, close, deliver, and service loans for Fannie Mae under the DUS Guidelines.
Through the DUS family of available loan programs, multifamily borrowers have optional loan programs to better suit their needs. These programs allow borrowers to select from Green Financing, Small loan financing, Senior Housing financing, Student Housing, Affordable Housing, Manufactured Housing, Cooperative Housing and more, which are available for either the purchase or refinancing of a qualified multifamily property.
DUS® Student Housing product provides attractive terms and competitive prices for the purchase or refinance of properties that, because of construction and location, specifically cater to a student tenant base that may or may not be readily convertible to conventional multifamily housing.
Seniors Housing Financing provides financing options for properties that provide Independent Living (IL), Assisted Living (AL), Alzheimer’s/Dementia Care (ALZ), or any combination.
Fannie Mae Multifamily suite of green financing solutions includes options for acquisition, refinance, and supplemental financing. Green financing solutions create a “triple bottom line” by supporting increased cash flows, better quality housing, and reduced energy and water usage.
DUS® MAH product provides flexible terms for acquisition or refinance of multifamily projects nationwide which qualify as affordable housing. Eligible properties are those that participate in the Low Income Housing Tax Credit (LIHTC) program, are encumbered by a Housing Assistance Payment (HAP) contract or participate in the Section 8 program (either through vouchers or direct payments).
DUS ARM 7-4 product offers a 7-year variable-rate financing option with an embedded cap, and fixed-rate conversion option for properties with 5 to 50 units and Multifamily Affordable Properties of any size.
HUD’s FHA mortgage insurance programs for long-term, non-recourse financing for market-rate and affordable apartments and cooperatives, assisted living facilities, skilled nursing facilities and seniors housing; giving you the flexibility of the FHA multifamily loan programs on an expedited basis and financing can be secured for acquisitions, refinancing, moderate rehabilitation, substantial rehabilitation or new construction.
FHA-insured, long-term, fixed-rate financing for new construction or substantial rehabilitation of multifamily projects nationwide.
223(f) Refinance of Section 202: FHA-insured, long-term, fixed-rate financing for refinance or moderate renovation of existing Section 202 projects nationwide.
FHA 223 (a)(7): FHA streamline refinancing of existing FHA-insured multifamily and healthcare loans nationwide.
FHA 223(f): FHA-insured, long-term, fixed-rate financing for refinance, acquisition or moderate renovation of multifamily projects nationwide.
Designed for Independent Living, Assisted Living, Alzheimer's Care / Memory Care, Skilled Nursing & Rehabilitation Centers, CCRC's and Hospitals.
FHA 232: FHA-insured, long-term, fixed-rate financing for new construction or substantial rehabilitation of assisted living, congregate care and nursing home facilities nationwide.
232 pursuant to 223(f): FHA-insured, long-term, fixed-rate financing for refinance, acquisition or moderate renovation of assisted living and nursing facilities nationwide.
Designed to finance repairs, additions and improvements to multifamily properties and healthcare facilities with existing FHA-insured first mortgages.
Whether you need a small or large loan, Freddie Mac's, flexible and, above all, personalized Program Plus® platform can provide the innovative multifamily financing you need to take advantage of today’s dynamic market, including such unique features as interest-only provisions and an ability to work beyond your operational obstacles to close on the loan that works best for your investment.
Freddie Mac Small Balance Loan program streamlines the entire loan process for multifamily acquisition and refinancing loans ranging from $1 million to $5 million.
Small Loan Co-op
Financing for the refinance of small balance loans (SBLs) cooperatives (co-ops), providing liquidity, stability, and certainty of execution to the affordable rental housing market nationwide.
Senior Housing Loan offers flexible loan terms for variety of seniors housing property types. Minimum loan $5,000,000.
Student Housing product provides attractive terms and competitive prices for the purchase or refinance of properties that, because of construction and location, specifically cater to a student tenant base and may or may not be readily convertible to conventional multifamily housing. Minimum loan $5,000,000.
Flexible liquidity source for properties undergoing significant renovation. It is a highly customized solution for borrowers experienced in completing moderate rehabilitation deals and allows for a wide variation in borrower term and structure needs.
Blanket mortgage financing for cooperative multifamily housing through Freddie Mac.
Single Family Homes or Multifamily
Loan Purpose: SFR Purchase, Refinance or take Cash Out
Loan Purpose: Take cash out of an existing portfolio to buy more properties, or to Refinance or consolidate multiple rental loans