Valor Lending Group features commercial loans for high end, Class A and B+ multifamily pre-stabilized properties.
Our commercial loans for these multifamily assets are from $20 million to $90 million on behalf of one of our life companies.
We offer very competitive terms for stabilized multifamily and for pre-stabilized Multifamily in lease-up. We are fulfilling a huge demand for refinancing assets prior to stabilization. For that reason, our life company has asked us to lend out $125M-$150M in the 3rd & 4th quarter 2020.
Our pre-stabilized Multifamily program is competitive with the prevailing GSE (Agency) debt program by providing little to no structure and fixed interest rates in the low 3’s. LTV’s up to 75%, flexible prepayment penalties, interest only options, creative deal structure and a balance sheet execution. Because of this our close times will be a little longer than pre COVID timelines.
During the COVID pandemic, this life company closed over $115MM in the 2nd quarter. With additional closings scheduled for this 3rd quarter 2020.
Their terms continue to afford sponsors increased flexibility and less onerous reserve requirements when compared to GSE options. Therefore allowing investors to reduce their interest rates prior to stabilization.
1. Straightforward closing process
2. Certainty of execution- parent large life company
3. Life is a $60 billion insurance company
4. Flexible prepay
5. Creative deal structure
6. Pre-stabilized multifamily
- Fixed Rates-Terms: 3,5,7 and 10 years-
- Amortization: up to 30 years-
- Markets: primary and secondary -Class A and Class B+
- LTV’s up to 75%- Interest only available-
- Flexible prepay-
- Rates as low as 3% fixed 2-5 year-20 million to 90 million-
- Fewer reserves than Agency