Paradize Premier Multifamily Program
 
Aggressively priced, high leverage, non-recourse permanent fixed rate financing for stabilized multifamily properties.

 
LOAN SIZE:           $1,000,000 to $50,000,000
PROPERTY TYPE:    Apartments (5+ Units), Mixed-use, Mobile Home Parks
LOAN TO VALUE:    Up to 85% subject to debt service coverage.
INTEREST RATES:   Fixed rates based upon the Corresponding US Treasury plus spread.
TERMS:                5, 7 or 10 years.
AMORTIZATION:    Up to 30 Years, with interest-only periods available
LENDER POINTS:    None
PRE-PAYMENT:      Defeasance or Yield Maintenance.
RECOURSE:           Non-recourse subject to standard carve-outs.
ASSUMABILITY:     Allowed, with 1% fee
LENDER COSTS:     Application deposit of between $7,500 and $30,000 required.
TIME FRAME:        45-60 days to close from time of receipt of application deposit.

These are the lenders guideline!