CMBS Conduit Loan Programs
Preferred Property Types
Apartments (seniors, students and traditional)
Retail (anchored, unanchored, freestanding, outlet malls)
Industrial (multi-tenant, single tenant, flex-tech, self storage)
Office and Medical office Buildings
Hotels (flagged)| Loan Size: | $1,000,000 minimum |
| Interest Rate: | Competitive fixed rates |
| Loan Maturities: |
Typically
5, 7, 10, 15 or 20 years
Maximum 30-year amortization |
| Prepayments: | Defeasance or Yield maintenance |
| Security: | Non-recourse, first trust deed |
| Loan-to-Value: | 75% - 80% |
| Debt Coverage Ratio: | 1.25 x minimum |
| Origination Fee: | 1% |
| Third Party Reports: |
Property condition and seismic report, environmental site
assessment, ALTA survey and MAI appraisal |