Description:
Exposure limits and Property loans are subject to investor and business credit approval, appraisal
and geographic location of the property and other underwriting criteria. Loan amount, options, and
rates vary depending upon loan type, LTV, verification of application information and other
risk-based factors. Application fees, closing costs and other fees may apply. Each loan is subject to
property approval under the lender’s terms and conditions. Each property has an individual secured
loan. Property loan pricing, leverage and required reserves will be determined based upon experience
1. Mid-Construction transactions have specific requirements in addition to the requirements
applicable to all new construction loans.
2. Condos will be allowed on a case-by-case basis.