Key Features:

• Loan Amounts: $250,000 to $50,000,000+

• Number of Properties: Minimum of 5 properties, with no upper limit on the number of properties included in the portfolio.

• Maximum Loan to Value (LTV):

  _{For FICO > 740: Up to 80% LTV for purchase and rate/term refinances; up to 75% LTV for cash-out refinances.}

• _{For FICO 720-739: Up to 75% LTV for both purchase/rate-term refinances and cash-out refinances.}

• _{For FICO 700-719: Up to 75% LTV for purchase/rate-term refinances; up to 70% LTV for cash-out refinances.}

• _{For FICO 680-699: Up to 75% LTV for purchase/rate-term refinances for properties valued ≤ $3MM; up to 70% LTV for cash-out refinances.}

• _{For FICO 660-679: Up to 70% LTV for purchase/rate-term refinances; up to 65% LTV for cash-out refinances. Limited to portfolios with ≤ 10 properties and ≤ $2MM loan amounts.}