Classic

Classic N$HM Loan

TIER I Loans 7.99%
TIER II Loans 8.99%
Origination Points 2%
Exit Fee 0%
Loan Term 5 yr or 2 yr IO
PPP 1 yr int + 2%
Insp. & U/W Fee $2k - $2.5k
Available Options
Non-Recourse +1/2% int rate
Buy Down 1/2% Orig Pt 3 yr PPP 1 yr int
+ 5%, 4%, 3%
Buy Down 1% Orig Pt +3/4% int rate
(w/ PPP)
Buy Down 1% Orig Pt +1.5% Exit Fee

IO = Interest Only / PPP = Pre-Payment Penalty