FANNIE MAE arm 7-6TM

Beech Street is now Capital One Multifamily Finance and our commitment to customer service is even stronger.

Capital One Multifamily Finance provides an array of financing solutions for multifamily investors that includes acquisitions, refinancing, and new development. We offer a wide range of Fannie Mae, Freddie Mac, and FHA programs nationwide as well as balance sheet products in selected markets for construction, bridge, and term loans. This gives us the breadth of resources to structure transactions that closely meet the needs of our customers. We take pride in delivering “good enough just isn’t” service at every stage of the lending process, from origination and underwriting to closing and beyond.

TERMS OVERVIEW Term Rate Lock • A variable-rate financing option • 7-year term • 30-day commitments available with embedded caps and an option to convert to a Fixed Rate Mortgage Loan Interest Accrual Prepayment Provisions Benefits • Actual/360 accrual basis • One-year lock-out followed by a 1% • Low-cost financing with initial prepayment premium thereafter interest rates lower than fixed Amortization • No prepayment premium during the rates last 3 months of the loan term • Up to 30 years • Maximum interest rate is set at loan origination • Interest-only option is available subject Conversion to Fixed Rate • Ability to convert to fixed rate to meeting eligibility criteria financing ARM 7-6 allows the borrower to convert the Mortgage Loan to a fixed rate at any Eligibility Index time beginning on the first day of the • Mortgage Loans for the • 1-month LIBOR second loan year and ending on the first acquisition or refinance of day of the sixth loan year. multifamily properties, including manufactured home communities Look Back • No prepayment premium is charged • Up to 80% LTV at the time that the Mortgage Loan • 15 day look-back converts. • Conversion requires minimal Interest Rate re-underwriting; lender determines To learn more about how the Interest rate adjusts based on changes that the current NOI can support Capital One team members will to 1-month LIBOR and is equal to the the new fixed rate. roll up their sleeves for your index plus a margin, subject to the • There is no increase in the loan business, contact following limitations: amount; however, the borrower may Capital One Multifamily Finance • Maximum monthly interest rate request a Supplemental Mortgage adjustment of 1% up or down Loan, subject to meeting eligibility 7600 Wisconsin Ave., Suite 800 criteria. There is no change in the • Maximum lifetime interest rate ceiling Bethesda, MD 20814 guaranty or servicing fees when the up to 7.5%, established at rate lock loan converts. 855-we-do-more (855-933-6667) [email protected] www.capitalonemultifamily.com Products and services provided by Capital One Multifamily Finance LLC, wholly owned subsidiary of Capital One N.A., Member FDIC. © 2014 Capital One. All rights reserved.