FANNIE MAE DUS® Standard

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Arbor provides competitive, tiered pricing for acquisition or refinance of multifamily projects nationwide, including recently completed projects.
Loan Amount

$3,000,000

Loan Term Up to 30 years
Amortization Up to 30 Years. Interest-only options also available.
Minimum DSC

1.25

Maximum LTV 7-year term or greater, 80%. If cash-out, 75%. 5 years, 75%. If cash-out, 70%.
Rate Structure Fixed and adjustable rate options available
Eligible Property

Multifamily, minimum five units

Eligible Borrower

Single-asset entity

Occupancy Requirements

85% Physical Occupancy for 90 days. 70% economic occupancy required.

Tax and Insurance Escrows

Monthly deposits required. May be waived if certain criteria are met.

Replacement Reserve Underwritten at a minimum $250 per unit per annum
Recourse Non-recourse with standard exceptions for fraud and misrepresentation
Commercial Space Maximum 35% of net rentable area and maximum 20% of effective gross income
Prepayment Yield Maintenance; Declining prepayment option available for properties between 5 and 50 units.
Assumable Subject to approval and 1% fee
Subordinate Financing Not allowed without written approval
Supplemental Loans Eligible for secondary financing after 12 months
Pricing Tiered Pricing Matrix. More favorable terms available for higher DSC and lower LTV.
Rate Lock Yield Maintenance and other graduated prepayment options are available.
Application Deposit Subject to approval and 1% fee
Processing Fee Not allowed without written approval
Origination Fee Tiered Pricing Matrix. More favorable terms available for higher DSC and lower V22416 LTV.
Legal/Closing Fee Standard 10-day rate lock period. Early/Extended rate lock options available
Good Faith Deposit $12,500. Covers all estimated underwriting costs (including processing fee).
Arbor Commercial Mortgage | arbor.com | 800.ARBOR.10

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