Delray Beach, FL (March 08, 2015). Ocean Capital Lending, LLC a leading mortgage company focused on originating commercial loans for it’s clients has just announced that they have expanded on Freddie Mac’s and Fannie Mae’s Small Balance Direct program for mulifamily properties nationwide for loan amounts between $750,000 and $6,000,000, up to $7,500,000 in Top Markets.
- Acquisition or Refinance/Cash Out OK
- Non-recourse
- Interest Only available
- Up to 80% LTV
- 5, 7 or 10 year fixed rates
- Up to 30/yr Amortizations
- Ficos down to 650
- DSCR down to 1.20 in Top Markets
- Occupancy 90% for the last 90 days