ConnexFinancial provides long-term, fixed-rate financing options for clients who desire to lock a specific rate for an extend time period. Programs include portfolio, conduit, life companies and no-doc. Terms: 3, 5,6, 10, 15, and 20 years
Amortization: 30 years (shorter periods available)
Maximum Loan to Value:
Refinance: 75 % of appraised value
Acquisition: 75% up to $2mm and up to 80% over $2mm
ConnexFinancial offers adjustable-rate programs for clients seeking aggressive rate structures or whose needs may be short- to mid-term. Interest-only is available. Terms range from 2-5 year up to fully-amortized programs.
Rates are generally based upon 30-day LIBOR.
ConnexFinancial offers forward commitments with rate locks on certain programs. Terms are usually available up to 12 months with minimal fees associated.
This feature can be ideal for clients who desire to rate lock for closing extending more than 90 days on both stabilized and non-stabilized properties.