Dus Plus & Mod Rehab
DUS Plus™ Loans
Financing that can often be used to complement a conventional Fannie Mae DUS Loan.
|Description:||Mezzanine Financing combined with a Conventional Fixed-Rate Fannie Mae DUS Loan|
|Senior Mezzanine size:||Minimum $1 million|
|Secured by:||100% Pledge of Ownership Interests in the Special Purpose Entity which owns the Mortgage Borrower.|
|Advantages:||Offers additional leverage while maintaining the flexibility and competitive pricing typically associated with Fannie Mae DUS loan|
To find out more about this product, please browse the following link.
DUS Plus™ Product Outline / Term Sheet
CI Mezz-Mod™ Rehab
FannieMae has launched the Community Investments Mezzanine-Moderate Rehabilitation program (CI Mezz-Mod Rehab), which aims to improve the nation’s affordable housing stock, targeting value-added multifamily deals. These loans are typically used for properties undergoing renovations of $5,000 or more per unit.
|Leverage:||Combined debt service coverage ratios can be below 1.0x if an interest reserve is in place|
|Secured by:||Ownership or preferred equity interest in the borrowing entity|
|Advantages:||Borrowers can use a Fannie Mae supplemental loan to pay off the mezzanine debt|
To find out more about this product, please browse the following link:
CI Mod Rehab™ Product Outline / Term Sheet
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Call: +1 212 356 9200