Apex Mortgage Co. HML?

[Account Closed]

I applied for a loan on a 5 unit multi family dwelling through PropertyGo and they shot back with a term sheet from Ted Kapnek of Apex Mortgage Company, which is a subsidiary of first trust bank. He sent me an email saying the following:

"Apex would be in a position to consider a 65% LTV on this property and use equity in another property that you own to get you the 90% you are looking for. Please provide the details, including purchase price and date, for the additional collateral you can offer.
We also need to know what your credit looks like. Do you have a recent report?"

I called the number and I had the chance to speak with Andrew Teller who was unaware of who PropertyGo was but later informed me that it is in fact a "legit" thing because Ted Kapnek (president of company) just started working with them. He told me in order to get to underwriting he needs the following:

1003 Commercial Application (attached)

Copy of credit report

Rent roll & expenses on property

Pictures of property

So I'm looking to know if anyone has had any experience with them, good or bad and what their thoughts are on them.