Citadel Servicing rolls out financing product for small multifamily properties

By Jeremiah Jensen 26 October 2018
Cash
Citing growing market demand, Citadel Servicing Corp. has created a new non-prime/non-QM funding product for multifamily and mixed-use properties up to 35 units that it's calling the "Outside Dodd-Frank Plus Program. "The Outside Dodd-Frank Plus Program is an extension of Citadel’s Outside Dodd-Frank Program and offers loans for properties up to 35 units. Loan amounts are up to $3 million with a max loan-to-value ratio of 75%.“We see a lot of potential business that will come our way with this offering,” Citadel Servicing Senior Vice President of Loan Origination and Marketing William Fisher said in a statement.
 

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