ALS Preferred Program
Purchase – 80% LTV max
Refinance – 75% max
Debt Service Coverage – 1.20X to 1.25X
Rates today: 6.50% - 6.95%
10 Yr Fixed/10 Yr Term/30 Yr amortization
Fixed rates available for 5-7-10-12-15-18-20 and 30 Yrs
Interest-Only available
Non-Recourse available on qualified loans
No tax returns for preferred program
45-60 day close
1% Origination fee
$10,000 Lender costs (appraisal, engineering, processing, lender legal)
