Program A+ Hybrid

INCOME PRODUCING REAL ESTATE
INCOME QUALIFYING BUSINESS LOAN

LOAN AMOUNT - Minimum: $125,000
– Maximum: $1,000,000
Loan Terms Fixed-rate terms of 1, 3 or 5 years with 15 year maturity
Maximum Amortization 30 Years with balloon at 15 year maturity
RATES 1-Year 6.5% fixed 3 Year 6.75% fixed 5-Year 7% fixed
Floor Rate = initial start rate

  • Adjustable Rate is indexed at WSJ Prime with a 2% margin
  • Lifetime Cap = 6% above Floor Rate
  • Periodic Cap Up = 3% per year
  • Periodic Cap Down = 1% per year
  • Frequency of adjustable rate resets = 3 Months
PREPAYMENT PENALTY 1 Year (5,3)
5% Months 1-12

3% Months 13-24
3 Years (3,2,1)
3% Months 1-12

2% Months 13-24
1% Months 25-36
5 Years (5,4,3,2,1)
5% Months 1-12

4% Months 13-24
3% Months 25-36
2% Months 37-48
1% Months 49-60
ELIGIBLE PROPERTY TYPES LTV DSCR
Multifamily: non-owner occupied only 65 1.25
Mixed use 60 1.3
Professional office space 60 1.3
Retail store- Strip/free standing 60 1.35
PERSONAL GUARANTEES Personal guarantees are required on all loans
MAXIMUM COMBINED LOAN-TO-VALUE
(See attached grid for maximum CLTV by individual property types)
See Program Matrix for LTV by property type
LENDER FEES Broker Origination Fee: 2%

  • Environmental fee: $315- $1,225
  • Doc prep fee: $500- $1,250
  • Appraisal: Paid directly to appraiser
  • Tax service fees: $205/parcel
  • Flood certification: $95/property
LIEN POSITION First liens only
OCCUPANCY - Owner-occupied
– Non owner-occupied
CASH OUT REFINANCES Maximum cash to borrower is $150,000
MINIMUM DEBT COVERAGE RATIO - All properties subject to debt service coverage ratio minimums.
– See Program grid for DSCR by property type.
– For DSCR purposes, rent for owner-occupied units will be determined by current market rents.
– DSCR on business income will also be a method for determining eligibility.
– By exception, personal DTI ratios may also be considered.
CREDIT QUALITY
Mortgage
All mortgages must be current.
CREDIT QUALITY
Consumer Credit
- All accounts must be paid “As Agreed”. Minimum FICO score 700.
– All APEX credit scores must be in the 700’s. No current delinquencies.
CHARGE OFFS/COLLECTIONS Charge offs are not allowed in the prior twenty-four (24) month period.
BANKRUPTCIES Bankruptcies are not allowed in the prior five (5) year period.
INELIGIBLE PROPERTY TYPES
  • Churches
  • Daycares
  • Gas stations
  • Salvage yards
  • Farmland
  • Vacant lots
  • Manufacturing
  • Condo hotels
  • Cooperatives
  • Manufactured housing
  • Restaurant/Bars
  • Motel/Hotel
  • Mobile Home Park
  • Office/warehouse (case-by-case basis)
  • Industrial properties
  • Rural properties in areas under 25% built up
  • Any property with a vacancy rate over 15%
APPRAISALS An APEX obtained appraisal is required on all properties
ENVIRONMENTAL - All loans must have an environmental questionnaire completed.
- All loans will require environmental due diligence.
AGE OF DOCUMENTATION - Credit documentation cannot be more than 90 days old.
– Appraisals must be less than 60 days old at time of closing.
UNDERWRITING DOCUMENTATION REQUIRED 1. Summary sheet
2. COMPLETED 1003 application
3. Credit report
4. Mortgage broker agreement

 Call 866-227-4012 or visit www.trinixcommercialcapital.com for a free
no obligation consultation on any of these programs!