Acquisition, rehabilitation and permanent loans.

Up to 40-year maturity, 40-year amortization on nonprofit new construction transactions.

Up to 30-year maturity, 30-year amortization on all others.

Nonprofits: 1% of the loan amount.
Nonprofit/For Profit Joint Ventures: 2% of the loan amount.

Fixed rate based upon Treasuries of comparable maturity plus a minimum of 1.75 percent.

An interest rate lock is available for a maximum period of 2 years for a fee of .25% of the approved loan amount. The interest rate is set at the time of the election to lock at a rate equal to 225 basis points over same period as the loan term.

First Deed of Trust.

The lower of 80% maximum of appraised value or allowable debt service with reasonable expenses which include acceptable amounts included for reserve for replacement and management expense. maximum of 90% of all debt.

A minimum of 1.10:1 on WCRA debt - 1.0:1 minimum total debt. At funding, debt service is based on the current rents and income annualized and the appraiser's vacancy/credit loss and expenses. All appraisals must be dated less than 12 months prior to the closing.

FNMA guidelines; 1% thereafter.

$7.5 million, no minimum; loans restricted to projects of 5 units or more.

Yes; affordability maintained for life of loan.