PFSG

Portfolio Loan Program

     A portfolio loan is a large blanket loan. Where our blanket loan starts at 2 properties and $250,000 minimum loan amount, our portfolio program is for larger groups of properties (portfolio’s) and larger loan amounts. Here are the general portfolio guidelines. Our portfolio programs also allow multifamily properties.

** Loan Size: Minimum Loan is $500,000 Maximum Loan is $100,000,000. Better terms for loan amounts over $2,000,000

**  Minimum Number of Properties: 5

**  Minimum Number of Units: 5
**  Loan to Value: Up to 75%
**  Minimum Credit Score: 660 (exceptions for lower LTV and stronger cash flow)

**  Cash Flow Requirement: Debt Coverage Ratio as low as 1.15% or better
**  Cash Reserves: 6 months on loans less than $2,000,000 12 months on loans over $2,000,000
**  Recourse: Full Recourse on some loans under $2,000,000
**  Non Recourse: Option available for loans $500,000 to $2,000,000 and on always for loans over $2,000,000
**  Interest Only Option Available
**  Property Types: Residential 1 – 4 units, 5 plus units, and mixed-use properties that are primarily residential