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Crefcoa Apartment Loan Rates As of   
Freddie Mac Small Balance Apartment Loan Rates

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Fixed Term Rate Amort Max LTV Min DSC Index Margin Prepay
5 Year 3.59% - 3.78% 30 Year 80% 1.20 6 Mo LIBOR 3.25% 5,4,3,2,1
7 Year 3.83% - 4.07% 30 Year 80% 1.20 6 Mo LIBOR 2.75% 5,5,4,4,3,2,1
10 Year 4.03% - 4.27% 30 Year 80% 1.20 6 Mo LIBOR 2.75% 5,5,4,4,3,3,2,2,1,1

Pricing Notes    View Freddie Mac Small Balance Multifamily Loan Guidelines

  • Loan Size Limits $1,000,000 - $7,500,000. Call for pricing for loan sizes above $7,500,000.
  • Program available nationwide, including secondary and tertiary markets. Rates quoted are for Freddie Mac's designated Top Markets (Chicago, Los Angeles, San Diego, San Francisco, San Jose, New York, Boston, Washington DC, Philadelphia, Miami-Fort Lauderdale and the following markets with Freddie Mac approval: Baltimore, Denver, Minneapolis, Portland, Sacramento, Seattle and Salt Lake City).
  • Actual rate within the rate range depends on LTV and DSCR. Lowest rate in range assumes LTV < 55% and DSCR > 1.50%.
  • Rates quoted assume most attractive rates available and assume excellent property quality and strong sponsorship, loan amount greater than $2.5 million and yield maintenance prepay.
  • Non-recourse and Assumable.
  • Full term interest only available for loans with LTV < 65% and DSCR > 1.45.
  • Reduced prepayment options available with a 15 bps rate adjustment. (e.g. 5,4,3,2,1 to 3,2,1,1,1)
  • Floor rate equal to start rate. 1% periodic rate cap and a lifetime cap of 5% over the start rate. 30 year amortization with a 20 year loan term.
Fannie Mae Multifamily Loan Interest Rates

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Fixed Term Rate Amort Loan Term Max LTV Min DSC Prepay
7/6 ARM 3.01% - 3.43% 30 Year 7 Year 80% 1.25 1%
5 Year 4.15% - 4.57% 30 Year 5 Year 75% 1.25 1% or YM
7 Year 4.02% - 4.44% 30 Year 7 Year 80% 1.25 1% or YM
10 Year 4.10% - 4.52% 30 Year 10 Year 80% 1.25 1% or YM
12 Year 4.19% - 4.61% 30 Year 12 Year 80% 1.25 1% or YM
15 Year 4.29% - 4.71% 30 Year 15 Year 80% 1.25 1% or YM
30 Year 4.64% - 5.06% 30 Year 30 Year 80% 1.25 1% or YM

Pricing Notes  View detailed Fannie Mae multifamily loan rates    View Fannie Mae Apartment Loan Guidelines

  • $750,000 minimum loan size. Rates assume loan size above $10,000,000, or for properties with fewer than 50 units, affordable housing and mobile home parks.
  • Pricing adjustments for loan sizes below $10,000,000, or for properties with 51 or more units.
  • Actual rate within the rate range depends on LTV and DSCR. Lowest rate in range assumes LTV < 55% and DSCR > 1.55%.
  • Rates quoted assume most attractive rates available and assume: excellent property quality, strong sponsorship, experienced management and strong market conditions/major MSA.
  • Non-recourse.
  • Interest only available.
  • Open for prepayment with no penalty during last 3 months of the fixed term.
  • Interest calculated on Actual/360 basis.
  • Rates are for conventional apartments only. Contact Crefcoa for Affordable, Student, Seniors, Manufactured and Military Housing properties.
Banc Series Select Apartment Loan Rates

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Fixed Term Rate Loan Term Max LTV Min DSC Index Margin Prepay
3 Year 3.70% - 3.95% 30 Year 75% 1.25 6 Mo LIBOR 2.75% 3,2,1
5 Year 3.85% - 4.15% 30 Year 75% 1.25 6 Mo LIBOR 2.75% 5,4,3,2,1
7 Year 4.15% - 4.40% 30 Year 75% 1.25 6 Mo LIBOR 2.75% 5,5,4,4,3,2,1
10 Year 4.40% - 4.70% 30 Year 75% 1.25 6 Mo LIBOR 2.75% 5,5,4,4,3,3,2,2,1,1

Pricing Notes     View Banc Series Select Apartment Loan Guidelines

  • $750,000 minimum loan size. Pricing adjustments for loan sizes below $750,000.
  • Loans above $3 million subtract 12.5 bps from above pricing.
  • Actual rate within the rate range depends on LTV and DSCR. Lowest rate in range assumes LTV < 55% and DSCR > 1.55%.
  • Rates quoted assume most attractive rates available and assume: excellent property quality, strong sponsorship, experienced management and strong market conditions/major MSA.
  • Maximum 70% LTV for cash out refinances.
  • After fixed rate term loan converts to an adjustable rate with adjustment every six months.
  • 1% periodic rate cap and a lifetime cap of 6% over the start rate.
  • Maximum adjustment of 1% after the first adjustment.
Banc Series West Coast Apartment Loan Interest Rates

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Fixed Term Rate Loan Term Max LTV Min DSC Index Margin Prepay
3 Year 3.66% - 4.06% 30 Year 75% 1.20 6 Mo LIBOR 1.8%-2.3% 3,2,1
5 Year 3.83% - 4.23% 30 Year 75% 1.20 6 Mo LIBOR 1.8%-2.3% 3,2,2,1
7 Year 3.95% - 4.35% 30 Year 75% 1.20 6 Mo LIBOR 1.8%-2.3% 4,3,3,2,1
10 Year 4.07% - 4.47% 30 Year 75% 1.20 6 Mo LIBOR 1.8%-2.3% 5,4,4,3,2,1
15 Year 3.99% - 4.39% 15 Year 75% 1.20 N/A N/A 5,4,4,3,2,2,2,2,1

Pricing Notes     View Banc Series West Coast Apartment Loan Guidelines

  • $500,000 minimum loan size. Add 60 bps for loan sizes below $1,000,000.
  • Rates quoted assume minimum loan size of $2,500,000. Add .125% for loans less than $2,500,000.
  • Actual rate within the rate range depends on LTV and DSCR. Lowest rate in range assumes LTV < 50% and DSCR > 1.20%.
  • Rates quoted assume most attractive rates available and assume: excellent property quality, strong sponsorship, experienced management and strong market conditions/major MSA.
  • Maximum 70% LTV for cash out refinances.
  • After fixed rate term loan converts to an adjustable rate with quarterly adjustments.
  • Floor rate equal to start rate. 10% lifetime rate ceiling.
  • Maximum adjustment of .5% after the first adjustment.
Banc Series California Apartment Loan Interest Rates

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Fixed Term Rate Amort Loan Term Max LTV Min DSC Index Margin Prepay
3 Year 4.15% 30 Year 30 Year 75% 1.15 12 MAT 2.55% 1.25, 1.25, 1.25
5 Year 4.25% 30 Year 30 Year 75% 1.15 12 MAT 2.55% 1.25 (3yrs) 1 (2yrs)
7 Year 4.55% 30 Year 30 Year 75% 1.15 12 MAT 2.75% 2 (5yrs) 1 (2yrs)

Pricing Notes     View Banc Series California Apartment Loan Guidelines

  • $500,000 minimum loan size. Rates assume loan size above $1,000,000. Pricing adjustments for loan sizes below $1,000,000.
  • Reduce rate by 15 bps for LTV 20% below standard LTV.
  • Interest only available with 12.5 bps add to rate. 65% max LTV. Not available on cash out refinances.
  • Rates quoted assume most attractive rates available and assume: excellent property quality, strong sponsorship, experienced management and strong market conditions/major MSA.
  • After fixed rate term loan converts to an adjustable rate with quarterly adjustments.
  • Floor rate equal to start rate. Lifetime rate ceiling or 5% above start rate or 9.5%.
  • Maximum adjustment of .5% after the first adjustment.
  • Financing provided for properties located in the metropolitan areas of Los Angeles, San Diego, Orange, Santa Barbara, Ventura, Sonoma, San Jose, Napa, San Francisco, Contra Costa, Alameda, San Mateo, Santa Clara and two counties in Washington State (King and Snohomish Counties). Other markets in metro California considered on a case by case basis.
Banc Series Nationwide Apartment Loan Rates

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Fixed Term Rate Amort Loan Term Max LTV Min DSC Index Margin Prepay
3 Year 3.91% 30 Year 30 Year 75% 1.25 6 Mo LIBOR 3.00% 3,2,1
5 Year 4.21% 30 Year 30 Year 75% 1.25 6 Mo LIBOR 3.00% 5,4,3,2,1
7 Year 4.64% 30 Year 30 Year 75% 1.25 6 Mo LIBOR 3.00% 5,5,5,4,3,2,1
10 Year 4.98% 30 Year 30 Year 75% 1.25 6 Mo LIBOR 3.00% 5,5,4,4,3,3,2,2,1,1

Pricing Notes     View Banc Series Nationwide Apartment Loan Guidelines

  • $500,000 minimum loan size. Rates assume loan size above $1,500,000. Pricing adjustments for loan sizes below $1,500,000.
  • Reduce rate by 25 bps if LTV is less than 55% and 15 bps if LTV is less than 65% for properties located in CA.
  • Rates and terms are applicable for Tier 1 pricing only. Tier ll and Tier ll rates and terms available upon request.
  • Rates quoted assume most attractive rates available and assume: excellent property quality, strong sponsorship, experienced management and strong market conditions/major MSA.
  • After fixed rate term loan converts to an adjustable rate with adjustments every six months.
  • Floor rate equal to start rate. Lifetime rate ceiling 6% above start rate.
  • Initial rate adjustment cap after fixed period, thereafter, maximum adjustment of 1% every six months.
Banc Series Major Markets Apartment Loan Rates

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Fixed Term Rate Amort Loan Term Max LTV Min DSC Index Margin Prepay
3 Year 3.90% 30 Year 30 Year 75% 1.15 6 Mo LIBOR 2.25% 3,2,1
5 Year 4.30% 30 Year 30 Year 75% 1.15 6 Mo LIBOR 2.25% 3,2,1,1,1
7 Year 4.60% 30 Year 30 Year 75% 1.15 6 Mo LIBOR 2.25% 5,4,3,2,1,1,1

Pricing Notes     View Banc Series Major Markets Apartment Loan Guidelines

  • $500,000 minimum loan size. Rates assume loan size above $1,000,000. Pricing adjustments for loan sizes below $1,000,000.
  • Reduce rate by 15 bps if LTV is less than 65% and 40 bps if LTV is less than 50%.
  • Rates quoted assume most attractive rates available and assume: excellent property quality, strong sponsorship, experienced management and strong market conditions/major MSA.
  • Non-recourse available with 10 bps addition to rate.
  • Interest only available with 10 bps adjustment to rate. 70% max LTV with 1.20 minimum DSCR.
HUD FHA 223(f) Multifamily Loan Rates

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Fixed Term Rate Amort Loan Term Max LTV Min DSC Prepay
35 Year 3.40% - 4.25% 35 Year 35 Year 83% 1.17 2-yr lock out followed
by declining percent

Pricing Notes     View HUD FHA 223(f) Apartment Loan Guidelines

  • $1,500,000 minimum loan size.
  • The lesser of 35 years or a maximum term not to exceed 75% of remaining economic useful life of the property.
  • Rates quoted assume most attractive rates available and assume: excellent property quality, strong sponsorship, experienced management and strong market conditions/major MSA.
  • Non-recourse.
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Interest rates and programs are subject to change without notice. This is not a commitment to lend. Information provided is not an offer to make a loan and should be used for informational purposes only. Crefcoa is a commercial real estate finance company and financial intermediary arranging commercial real estate financing nationwide in most primary, secondary and tertiary markets. Apartment loan availability -- including LTV, DSCR, and loan size -- may vary depending on property location, economic conditions, exposure, and other variables that may negatively influence risk. Loan programs and program guidelines (including, without limit, fees, rates and features) are subject to change.
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