Eligible Properties: Existing Fannie Mae DUS loans originated by NYCL. This program allows current borrowers additional financing on existing loans up to original underwriting parameters. The borrower is eligible to receive supplemental loans 12 months or later after initial loan closing of the first mortgage. Loan Type: Fixed or adjustable rate mortgages, which are cross-collateralized and cross-defaulted with the first mortgages   Loan Term: Minimum loan term of 5 years with two types of supplemental mortgages available:  Coterminous: mortgage term is coterminous with the term of the existing Fannie Mae first mortgage. The first mortgage must have at least five years remaining  Non-coterminous: mortgage term is at least two years longer than the remaining term of the existing Fannie Mae first mortgage   Maximum Loan: Combined loan-to-value and debt service coverage must meet current Fannie Mae Tier requirements   Interest Rates: Rates vary by loan-to-value ratio, debt service coverage and property quality   Amortization: Up to 30 year schedule Personal Recourse: None, except for standard exceptions to non-recourse, which are the responsibility of the Key Principal(s)   Assumability: Assumable, subject to Fannie Mae’s approval and a 1% transfer fee    Prepayment: Yield maintenance or defeasance options   Subordinate Financing: Additional supplemental loans may be available   Application Fee: Based on estimated underwriting costs for appraisal, architectural / engineering report, environmental assessment and other loan processing costs    Financing Fee: Negotiable   Closing Expenses: Standard transaction costs, including legal fees, and title insurance update