office 480.682.4501
fax 480.682.4517
BK-0910597
Only multifamily properties are eligible for Fannie Mae financing. But not all multifamily properties fir the Fannie Mae guidelines. For those borrowers with multifamily financing needs that Fannie Mae cannot satisfy and for those with commercial properties other than multifamily, Venture provides a variety of financing options through its capital markets group.
(For a Printable PDF of this program, please click here)
Eligibility Multifamily, manufactured housing communities, retail, industrial, office and self-storage
Loan Amounts $2 million minimum. No maximum
Term/Amortization 5 to 30 year term. Up to 30 year amortization. Fully amortizing loans available
Interest Rate Competitive rates quoted daily
Debt service coverage ratio
Loan to value
Personal recourse Non-recourse with standard "Carve-Outs" and Key Principals obligations
Prepayment Yield maintenance for slight premium or defeasance
Origination Fee 1% or less when applicable
Commitment Fee 2% to lock rate (refundable at closing)
Third Party Fees Includes legal, appraisal, engineering, and environmental reports. Seismic reports and survey may also be required
Minimum Occupancy Requirement
Replacement reserve impounds Typically required
Taxes and Insurance Impounds Required
Assumability Assumable with lender approval and a 1% fee
Other Products Bridge and interim loans also available $7 million and up
Venture Placement Fee 1% to 2% dependent on property