Indiana FNMA Redline Buster Program

Available for Apartment Buildings only in Indiana

HIGHLIGHTS INCLUDE:

Current Interest Rates between 6.25 and 6.5%

Minimum 85% occupancy required

Up to 75% LTV

Up to 70% LTV for cash-out refinances seasoned at least two years

Loan amounts from $1M to $10M

5, 7 and 10 year fixed terms available with 30 year amortization

Rates based approximately 400 bps above the 5, 7 and 10 year Swaps

Sliding prepayment penalty or Yield Maintenance

Strong borrowers profile required. Must have experience, sufficient net worth and excellent credit. Liquidity equal to 10% of the loan amount required for reserves. Global debt to income has to be positive. For borrower without sufficient experience, professional management may be acceptable.