|Loan Sizes||$100K - $2MM|
|Max LTV||<$500K: 75%
|Min DSCR||Investor: 1.15*|
|Stabilization||75% occupancy required over a
90-day trailing UW period*
|UW Method||Investor: Property DSCR|
|Documentation||No tax returns required. SHF reviews appraisal and property cash flow.|
|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%
*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 to learn how we are approving loans today.
|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%): 2 points
When does this solution make sense for borrowers?
Top 3 Cases
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.