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Thorpe Commercial Capital
Commercial Real Estate Capital
Thorpe Commercial Capital
FAST MARKET RATES
Commercial Real Estate Finance
Reliable Capital To Build America's Great Brands.
Agency Capital
Fannie Mae, Freddie Mac & FHA Transactions |
Thorpe Commercial Capital provides the guidance you need to start and lead you through the process to obtain the industries lowest interest rates from the many different types of agency commercial loans. New transactions like an acquisition, refinance, new construction or rehabilitation financing, we bring extensive deal experience to advise you which agency loan (FHA, Fannie Mae or Freddie Mac) is best for your property. Our finance professionals know this business so you can keep moving in your business. |
Multifamily: Affordable Multifamily, Apartments, Student Housing and Manufactured Housing.
Healthcare: Hospitals, Senior Housing, Senior Care Facilities, Medical Office and Psychiatric Hospitals.
FHA - General Guidelines
FHA 221 (d) (4): Multifamily new construction or substantial rehabilitation. Senior independent apartments.
FHA 223 (f): Multifamily purchase or refinance (For-profit or Non- profit).
FHA 232: Healthcare acquisition and refinance (95% LTV for Non-profit).
FHA 241 (a): Supplemental financing (Addition or improvement with existing FHA-insured loans).
FHA 242: Hospital financing.
FHA 207: Manufactured housing. Mobile home parks financing.
FHA 223 (a) (7): Refinancing of a existing FHA multifamliy or Healthcare loan
(up to 100% LTV of refinance cost or up to the original loan amount).
Fannie Mae - General Guidelines
Cooperative and Multifamily Properties, Student, Seniors and Manufactured housing
Loan Size: $1 Million minimum, up to no max
Term: 5 to 30 years
LTV: up to 80%
DSCR: 1.25X
Amortization: up to 30 years
Advantages: Have a DUS Loan now? Refinance now No appraisal, No title and No engineer report. Non-recourse, Early rate lock, Interest only, Balloon option, Seconds & Additional
advances available, 7-6 arm (low rates), Structured arm, Green refinance plus.
Freddie Mac - General Guidelines
Specialized Properties Plus Multifamily, Student and Seniors Housing
Loan Size: $1 Million minimum, up to no max
Term: 5 to 30 years
LTV: Up to 80%
DSCR: 1.25X
Amortization: Up to 30 years
Rate Lock: Up to 18 months for newly constructed or substantially renovated lease properties
Advantages: Interest only, Non-recourse, Fix to float, Section 8 financing, Supplemental mortgages,
Partial interest only, 4% LIHTC bond credit enhancements, Defeasance, Moderate
rehabilitation while occupied, Purchase with two mortgages simultaneously.