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
Contact
To find out more about commercial loans, please email:
commercial@rcglongview.com
To find out more about multi-family loans, please email:
multifamily@rcglongview.com
Or contact our main number:
Call: +1 212 356 9200
