Prudential's Agency Gateway Program ("AGP") provides refinancing or acquisition financing for multi-family properties that have not achieved the stabilized operating levels required for permanent financing through Fannie Mae, Freddie Mac or FHA (each, an "Agency") programs.
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Floating rate
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12 – 24 month terms
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Loans ranging from $5 million to $25 million
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Refinancing or acquisition financing of multifamily properties
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Recourse loans (amount of recourse determined on a loan-by-loan basis)
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