|Loan Sizes||$100K - $2MM|
|Max LTV||<$500K: 75%
|Min DSCR||Owner-Occupied: 1.2*
|Stabilization||75% occupancy required over a
90-day trailing UW period**
|UW Method||Owner-Occupied: Global DSCR
Investor: Property DSCR
|Documentation||2 years personal and business tax returns|
|Eligible Properties||Tier I: Multifamily, Mixed-Use (primary res)
Tier II: Retail, Mixed-Use (primary comm),
Warehouse/Self-Storage, Office, Light
Industrial, Automotive, Mobile Home Park
|Pre-Payment Penalty||5% for 5 years | 5% for 3 years |
Declining 5%, 4%, 3%, 2%, 1%
*Debt service requirement is based on borrower’s FICO score and may be higher than figures shown.
**Not applicable if property is purchased as a new space or expansion.
Note: Underwriting guidelines have changed to reflect today’s environment. Contact your Regional Manager today to learn how we are approving loans in 2020.
|Reserves Requirement||6+ months of liquid financial reserves measured
by number of months of the qualifying
principal and interest payment of
the subject property for all purchase,
cash-out, and rate/term transactions
|Buy Downs||0.375% = 1 point cost|
|Caps/Floors||WSJ Prime Index plus margin on note date
Initial Reset and Annual
Adjustment Cap: 2%
Life Cap: Initial rate +6%
Life Floor: Initial rate
|Broker Compensation||Origination: Up to 2 points
YSP (Rate/Margin increase 0.375%): 1 point
Why do Brokers Choose Silver Hill Funding?
Top 5 Reasons
Closed Loan in Sacramento, California
Self-Storage | $1,584,000
An investor in California wanted to refinance their commercial mortgage but was unable to get the cash-out they needed from their current lender.
Silver Hill Funding provided a more flexible alternative solution that made it possible for the borrower to obtain the full cash-out amount.
Have a Deal Right Now?
Tell us about your commercial loan scenario here. One of our mortgage experts will be in touch with next-step information soon.