Loan Purpose

Acquisition

Maximum Loan Term

12 months

Minimum Loan Term

None

Maximum Loan Size

$350,000

Minimum Loan Size

$50,000

Rates Starting at

10.49%

Points Starting at

2

Maximum Leverage Ratios

Maximum LTPP – FICO >=700

70.0%

Maximum LTPP – FICO <700

65.0%

Maximum LTARV – FICO >=700

67.5%

Maximum LTARV – FICO<700

62.5%

Minimum Guarantor Track Record

FICO >=700

2 prior deals with HUD’s in last 3 years

FICO <700

4 prior deals with HUD’s in last 3 years

Minimum Guarantor CAPFUND Track Record

FICO >=700

N/A

FICO <700

1 satisfied CAPFUND loan

Minimum Interest Escrow

3 months of interest and taxes escrowed

Property Condition

Any

Prepayment Penalties

N/A