Rates – Multifamily Mortgage Rates – Commercial Real Estate Rates

MARKET RATES & PROGRAMS

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Core Loan Programs

ICS offers proprietary loan solutions and funds loans through hundreds of Lenders as a Correspondent Commercial Mortgage Lending Company. Our capital partners include Banks, Credit Unions, Life Companies, REIT's, Private Lenders, Wholesale, CMBS, as well as Agency Lenders, including Fannie Mae, Freddie Mac, and FHA.


Conforming vs. Non-Conforming Loans

Conforming loans are those that meet bank-grade underwriting guidelines. ICS funds conforming loans through banks, credit unions, life companies, CMBS, SBA, and agency lenders. Conforming loans offer the lowest rates available. Non-conforming loans are for properties or borrowers that do not qualify for conforming loans, including FLEX loan products, bridge, fix and flip, and private construction.


Conforming Products

Long-Term Permanent (PERM) Loans


30-Year Fixed

Loan is fixed for 30-years with 30-year amortization. Step-down prepayment penalty or yield maintenance. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, healthcare, student housing, senior housing, and specialty use properties.

Max LTV: 80% | Min Credit: 650


20-Year Fixed

Loan is fixed for 20-years with 20-year amortization. Step-down prepayment penalty or yield maintenance. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, healthcare, student housing, senior housing, and specialty use properties.

Max LTV: 80% | Min Credit: 650


15-Year Fixed

Loan is fixed for 15-years with 15-year amortization. Step-down prepayment penalty or yield maintenance. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, healthcare, student housing, senior housing, and specialty use properties.

Max LTV: 80% | Min Credit: 650


10-Year Fixed Balloon

Loan is fixed for 10-years with 15, 20 or 30-year amortization. Loan is due at end of 10-year term. Step-down prepayment penalty or yield maintenance. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, healthcare, student housing, senior housing, and specialty use properties.

Max LTV: 80% | Min Credit: 650


7-Year Fixed Balloon

Loan is fixed for 7-years with 15, 20 or 30-year amortization. Loan is due at end of 7-year term. Step-down prepayment penalty or yield maintenance. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, healthcare, student housing, senior housing, and specialty use properties.

Max LTV: 80% | Min Credit: 650


5-Year Fixed Balloon

Loan is fixed for 5-years with 15, 20 or 30-year amortization. Loan is due at end of 5-year term. Step-down prepayment penalty or yield maintenance. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, healthcare, student housing, senior housing, and specialty use properties.

Max LTV: 80% | Min Credit: 650


10-Year Fixed Hybrid

Loan is fixed for initial 10-years with 15, 20 or 30-year amortization. Loan adjusts annually following the 10-year term through maturity, due at the end of the 15, 20, or 30-year loan term. Step-down prepayment penalty or yield maintenance. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, healthcare, student housing, senior housing, and specialty use properties.

Max LTV: 80% | Min Credit: 650


7-Year Fixed Hybrid

Loan is fixed for initial 7-years with 15, 20 or 30-year amortization. Loan adjusts annually following the 7-year term through maturity, due at the end of the 15, 20, or 30-year loan term. Step-down prepayment penalty or yield maintenance. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, healthcare, student housing, senior housing, and specialty use properties.

Max LTV: 80% | Min Credit: 650


5-Year Fixed Hybrid

Loan is fixed for initial 5-years with 15, 20 or 30-year amortization. Loan adjusts annually following the 5-year term through maturity, due at the end of the 15, 20, or 30-year loan term. Step-down prepayment penalty or yield maintenance. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, healthcare, student housing, senior housing, and specialty use properties.

Max LTV: 80% | Min Credit: 650


Non-Conforming FLEX Products

Long-Term Permanent with flexible (FLEX) underwriting guidelines


30-Year Fixed FLEX Loan

Loan is fixed for 30-years with 30-year amortization. Step-down prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, self-storage, and healthcare. ICS FLEX loans are long-term loans designed for properties/borrowers that just miss conforming guidelines.

Max LTV: 80% | Min Credit: 650


15-Year Fixed FLEX Loan

Loan is fixed for 15-years with 15-year amortization. Step-down prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, self-storage, and healthcare. ICS FLEX loans are long-term loans designed for properties/borrowers that just miss conforming guidelines.

Max LTV: 80% | Min Credit: 650


5-Year Fixed FLEX Loan

Loan is fixed for initial 5-years with 15 or 30-year amortization. Loan adjusts annually following the 5-year term through maturity, due at the end of the 15 or 30-year loan term. Step-down prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, self-storage, and healthcare. ICS FLEX loans are long-term loans designed for properties/borrowers that just miss conforming guidelines.

Max LTV: 80% | Min Credit: 650


Non-Conforming FLEX Residential Portfolio Product


5 to 30-Year Fixed FLEX Residential Portfolio Loan

Loan is fixed for 5, 10 or 30-years with 30-year amortization. Step-down prepayment penalty. Eligible properties include multifamily 5+ units and 1-4 unit residential investment properties. ICS Residential Portfolio Loans are long-term loans for 5 or more properties financed within a single loan. Full-Term, Balloon, and Hybrid options are available. Lite Doc and Full-Doc underwriting available.

Max LTV: 75% to 80% | Min Credit: 650


Non-Conforming Bridge Products


3-Year Fixed Interest Only Bridge Loan

Loan is fixed for 3-years with interest only amortization. Loan is due at the end of the 3-year loan term. No prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. ICS Bridge Loans are short-term interim loans designed for properties needing stabilization, lease-up, and/or rehab prior to securing long-term conforming financing or disposition.

Max LTV: 65% to 75% | Min Credit: N/A


2-Year Fixed Interest Only Bridge Loan

Loan is fixed for 2-years with interest only amortization. Loan is due at the end of the 2-year loan term. No prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. ICS Bridge Loans are short-term interim loans designed for properties needing stabilization, lease-up, and/or rehab prior to securing long-term conforming financing or disposition.

Max LTV: 65% to 75% | Min Credit: N/A


1-Year Fixed Interest Only Bridge Loan

Loan is fixed for 1-year with interest only amortization. Loan is due at the end of the 1-year loan term. No prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. ICS Bridge Loans are short-term interim loans designed for properties needing stabilization, lease-up, and/or rehab prior to securing long-term conforming financing or disposition.

Max LTV: 65% to 75% | Min Credit: N/A


Conforming Bridge Products


3-Year Fixed Interest Only Bridge Loan

Loan is fixed for 3-years with interest only amortization. Loan is due at the end of the 3-year loan term. Step-down prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. ICS Bank Bridge Loans are short-term interim loans designed for properties needing stabilization, lease-up, and/or rehab prior to securing long-term conforming financing or disposition. This loan is funded through our banking capital partnerships and has more stringent guidelines than our non-conforming bridge program.

Max LTV: 65% | Min Credit: 650


Non-Conforming Fix & Flip Product


12 to 18-Month Fixed Interest Only Fix & Flip - Rehab Loan

Loan is fixed for 12 to 18-months with interest only amortization. Loan is due at the end of the 12 to 18-month term. No prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, and condos. ICS Fix & Flip - Rehab Loans are short-term interim loans designed for properties needing minor to major renovations (not new construction) prior to securing long-term financing or disposition.

Max LTV: 90% to 100% | Max ARV: 75% | Max LTC: 90% to 100% | Min Credit: 620


Non-Conforming Construction Products


3-Year Fixed Interest Only Construction Loan

Loan is fixed for 3-years with interest only amortization. Loan is due at the end of the 3-year term. No prepayment penalty in most cases. Eligible properties include multifamily 5+ units, 1-4 unit residential, condos, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. ICS Construction Loans are short-term interim loans designed for new constructions projects prior to securing long-term financing or disposition.

Max LTV: 90% | Max ARV: 75% | Max LTC: 80% to 100% | Min Credit: 650


2-Year Fixed Interest Only Construction Loan

Loan is fixed for 2-years with interest only amortization. Loan is due at the end of the 2-year term. No prepayment penalty in most cases. Eligible properties include multifamily 5+ units, 1-4 unit residential, condos, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. ICS Construction Loans are short-term interim loans designed for new constructions projects prior to securing long-term financing or disposition.

Max LTV: 90% | Max ARV: 75% | Max LTC: 80% to 100% | Min Credit: 650


1-Year Fixed Interest Only Construction Loan

Loan is fixed for 1-year with interest only amortization. Loan is due at the end of the 1-year term. No prepayment penalty in most cases. Eligible properties include multifamily 5+ units, 1-4 unit residential, condos, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. ICS Construction Loans are short-term interim loans designed for new constructions projects prior to securing long-term financing or disposition.

Max LTV: 90% | Max ARV: 75% | Max LTC: 80% to 100% | Min Credit: 650


Conforming SBA Product


SBA Loan

Loan is adjustable for 25 to 30-years with 15 to 30-year amortization. Eligible properties include business owner-occupied office, retail, industrial, self-storage, hotels, specialty use, automotive, and healthcare/medical. ICS SBA Loans are long-term loans designed for properties/borrowers that need owner-user financing for properties they intend to occupy 51% or more of the usable square footage. Non-owner tenant rental income is not factored into the DSCR. The owner's business net operating income must cover the debt service regardless of tenant rental income.

Max LTV: 90% | Min Credit: 680