Overview of Lending Programs

First Federal Bank of California has provided real estate finance solutions for apartment buildings (5 units or more), shopping centers, office buildings, and industrial buildings within California since 1929. Our Income Property Lending Group works with investors, developers, and other professionals to find the right loan program at the right price.

Multifamily (5+ units) Loan Programs:

• Adjustable loans based on 12 MAT (12 Month Average Treasury Index)
• 6-month adjustable 12 MAT loan with no negative amortization
• 5 year hybrid loans converting to a 12 MAT ARM at reset
• 5 year Bridge loan for below breakeven DCRs
• Mortgage Banking 5, 7, 10 and 30 year fixed rate products are also available

Multifamily Loan Program Highlights:

• Loan amounts:  $500,000 to $20,000,000
• Loan to value up to 75%
• Up to 30 year amortization
• Maturity varies depending upon loan program
• Qualifying rate is the fully indexed rate
• Debt coverage ratio varies depending upon loan program
• 10.50% life cap on A & B properties
• Recourse required (some programs are available non-recourse with added pricing/standard carve-outs)

Commercial Loan Programs:

• Adjustable loans based on 12 MAT (12 Month Average Treasury Index)
• 5 year hybrid loans converting to a 12 MAT ARM at reset

Commercial Loan Program Highlights:

• Loan amounts: $500,000 to $20,000,000
• Loan to value up to 75%
• Up to 30 year amortization
• Up to 15 year loan term
• Qualifying rate is the fully indexed rate
• Debt coverage ratio varies depending upon loan program and property type
• 10.50% life cap on A & B properties
• Recourse required (some programs are available non-recourse with added pricing/standard carve-outs)