Lender Alerts

Special Offer

Sun West is expanding its commercial lending platform to serve the growing Multi-Family / Small Balance Loan (MFSBL) segment. Special compensation will be available during a three-month promotional period, starting on April 5, 2017. Call our program manager or your Account Executive today to learn more.

Eligible Properties

Acquisition or refinance of conventional multi-family housing with 5 residential units or more, including conventional housing with tax abatements and Section 8 vouchers, and cooperatives in the five boroughs of New York City and Long Island.

Underwriting Guidelines

• Minimum FICO score of 650
• Net worth equal to loan amount
• Liquidity equal to nine months of payments
• Debt Coverage Ratio and Loan-To-Value see below:

Loan Structure

• $2.5 million to $7.5 million (Call for loan amounts between $1.0 and $2.5 million)
• 20-year hybrid ARM with initial 5-, 7-, or 10-year fixed-rate period
• 5-, 7-, or 10-year fixed-rate loan
• Amortization up to 30 years
• Cash-out options
• No underwriting floors in top markets
• Declining prepayment options
• Non-recourse with standard carve-out provisions
• 60-120 day rate lock period available

Promotional Period

• Applications started from April 5, 2017 to June 30, 2017 will be eligible for special 1.5X standard compensation
• $14,978 per closed deal between $2.5 and $7.5 while offer is valid
• Call for pricing on loans between $1.0 and $2.5
• See for yourself how easy it is to get your client started with an application (15 minutes or less)
• Sun West provides all loan processing and underwriting

Eligible Borrowers/Borrowing Entities: Individuals who are U.S. citizens; Limited Partnerships (LP); Limited Liability Companies (LLC); Single Asset Entities (SAE); Special Purpose Entities (SPE); Tenancy-in-Common (TIC) with up to five unrelated members; and Trusts (Irrevocable Trusts and Revocable Trusts with a warm body guarantor).