Lending Services Overview
Eastern Mortgage Capital (EMC) is a lender in all 50 U.S. states and territories. Our core programs all employ FHA mortgage insurance through the MAP and LEAN processes. We provide some of the most competitive financing packages available for new construction, substantial rehabilitation, acquisition and refinance of multifamily, skilled nursing, assisted living, elderly housing and manufactured housing. Some highlights of these financing options are:
- Extremely low interest rates fixed for the entire term
- Flexible pre-payment terms with no yield maintenance or defeasance
- Longest self-amortizing (no balloon) term available in the marketplace (up to 35 years for refi/acquisition, 40 years for new construction/sub-rehab)
- Non-recourse with no carve-outs or construction guarantees
- Highest leverage in the market from a competitively priced source.
These programs often turn challenging transactions into high-return home-runs. In addition to our core programs, EMC can arrange bridge financing to be taken out later by an FHA-insured loan.
EMC's focus and knowledge of our core programs, and the breadth of multi-dimensional commercial real estate experience of our team, all combine to ensure the best, most cost-effective execution for our borrowers and loan correspondents.