Non -Recourse loan help

[Amanda Sokol]

I have a deal I don’t want to lose. Who is doing the following in Covid?!

-non recourse 

-2.8m

-30 year am

-75% LTV

-rate in the 3s

I got all but non-recourse. I don’t want to lose the deal and can’t go agency at this point. Any banks doing these deals? 
I worked so hard of this deal and refuse to give up 🙂

[Conor Freeman]

@Amanda Sokol I just signed up a 55 unit deal in Canton Michigan with the following terms through our Freddie program:

$2.4mm loan 

75% LTV / 1.30x DSCR

10 year deal / 2 years interest only

30 year amortization

Non-recourse

3.56% fixed

Ping me if you'd like to discuss the deal and the reasons why you think we cant go agency... This MI deal was with a foreign borrower and his first deal in the US. I also have some lifeco's in this space that are non-recourse and like multifamily. Also, thanks @Dennis Tierney for tagging NorthMarq, our Omaha team is great!