BANK OF SAN FRANCISCO

FINANCING SOLUTIONS

Residential Lending – Portfolio Loan Program TIC and Co-Op Financing

At Bank of SanFrancisco, we believe in providing our clients with the most competitive residential loan programs in the market. As part of our expanding residential loan platform, we are pleased to offer a suite of programs tailored to meet the needs of those clients looking to purchase/refinance primary or secondary homes/residences in the Bay Area.

The benefits of our program include:

  • Local and quick decision making
  • Financing for TICs, co-ops, 1-4 unit SFRs and condos
  • A dedicated, single point-of-contact
  • Loan amounts up to $3 million
  • Less than 14 day close of escrow
LOAN PROGRAM PAYMENT TERMS INTEREST RATE APR* ORIGINATION FEE INITIAL MONTHLY PAYMENT LTV MARGIN TERM
SAMPLE LOAN AMOUNT OF $500,000.00 WITH NO CASH OUT ON OWNER-OCCUPIED PROPERTIES
3/1 ARM*
INTEREST ONLY
3.25%
3.457%
1.000%
$1,354.17
75%
3.250%
30 YRS
5/1 ARM**
Principal and Interest
3.300%
3.474%
1.000%
$2,189.78
75%
3.250%
30 YRS
7/1 ARM***
Principal and Interest
3.350%
3.512%
1.000%
$2,203.56
75%
3.250%
30 YRS
SAMPLE PAYMENTS AND OTHER PROGRAM FEATURES
OWNER-OCCUPIED PROPERTY WITH LOAN AMOUNTS UP TO $3,000,000
For purchase/refinance with no cash out, MAX LTV: 75% for loan amounts up to $1,500,000; 70% for loan amounts higher than $1,500,000
MAX TOTAL DTI 43%
MIN FICO 700

*Sample payment and Annual Percentage Rate (APR) are based on a $500,000 30-year loan with 36 monthly interest-only payments followed by 324 monthly principal and interest payments and no prepayment penalty. At the end of the 3-year initial fixed rate period, your initial rate adjustment will be based on the then one-year CMT rate plus margin referenced above, not to exceed 2% above your initial fixed rate. Annually thereafter, your rate will adjust based on the then one-year CMT rate plus margin referenced above, not to adjust more than 2% per annum, and a lifetime cap of 6% above your initial fixed rate.

**Sample payment and Annual Percentage Rate (APR) are based on a $500,000 30-year loan with 360 monthly principal and interest payments and no prepayment penalty. At the end of the 5-year initial fixed rate period, your initial rate adjustment will be based on the then one-year CMT rate plus margin referenced above, up to a maximum 5% per annum. Annually thereafter, your rate will adjust based on the then one-year CMT rate plus margin referenced above, not to adjust more than 2% per annum, and a lifetime cap of 5% above your initial fixed rate.

***Sample payment and Annual Percentage Rate (APR) are based on a $500,000 30-year loan with 360 monthly principal and interest payments and no prepayment penalty. At the end of the 7-year initial fixed rate period, your initial rate adjustment will be based on the then one-year CMT rate plus margin referenced above, up to a maximum 5% per annum. Annually thereafter, your rate will adjust based on the then one-year CMT rate plus margin referenced above, not to adjust more than 2% per annum, and a lifetime cap of 5% above your initial fixed rate.

****Interest Rates and Annual Percentage Rates (APRs) are accurate as of October 7, 2020 and subject to change without notice. Rate, points, and APR may be adjusted based on several factors including, but not limited to, property location, loan amount, documentation type, loan type, occupancy type, property type, loan-to-value, and your credit score. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. The APR is the cost of credit over the term of the loan expressed as an annual rate. The APR calculations above are based on the current 1-year CMT rate ( 0.120% ) as of October 2, 2020, plus the stated margin and a total fee estimate of 2.00% (1.00% origination fee, underwriting, processing, appraisal, title and escrow fees). Loan amounts exceeding $1.5 million will require two appraisals. All appraisals will require an appraisal review. For TIC properties, Bank of San Francisco must review and approve the TIC Agreement for the building before close of escrow. The interest rate includes a ¼% discount for establishing an ACH auto-payment from a Bank of San Francisco deposit account. Payments shown do not include amounts for taxes and insurance. Actual payment obligation will be higher. For adjustable rate loans, after the initial period, rates and payments are based on index plus margin. For interest only loans, the initial payments do not include principal.

All applicants are subject to credit approval by Bank of San Francisco.

Samuel M. Clonmell

SVP, Relationship ManagerResidential Lending
NMLS ID: 742089
O 415.489.7137
M 415.940.1534
E samuel.clonmell@bankofsf.com

Reina Contreras

VP, Operations Manager Residential LendingNMLS ID: 1222639
O 415.744.6725
F 415.744.6717
E reina.contreras@bankofsf.com

CONTACT US

Phone: 415.409.8597
Email: sales@californiacrownsf.com
2135 California Street
San Francisco, CA 94115

HELENA ZALUDOVA
DRE# 01472256
415.517.2944

DALE BOUTIETTE
DRE# 1768604
415.748.1519

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