CommercialBanc Apartment Loan Fixed Interest Rates

Banc Agency Series Standard Delivery Apartment Loan Rates

Fixed	Rate	DSC	Amort	LTV
5 yr	5.25	1.55x	30 yr	55%
5 yr	5.45	1.35x	30 yr	65%

5 yr

5.63

1.20x

30 yr

80%

7 yr	5.38	1.55x	30 yr	55%
7 yr	5.54	1.35x	30 yr	65%

7 yr

5.78

1.20x

30 yr

80%

10 yr	5.65	1.55x	30 yr	55%
10 yr	5.81	1.35x	30 yr	65%

10 yr

5.95

1.20x

30 yr

80%

30 yr	6.60	1.55x	30 yr	55%
30 yr	6.78	1.35x	30 yr	65%

30 yr

6.90

1.20x

30 yr

80%

Rates Updated Daily by 12 P.M. EST.

-- Minimum loan size $3,000,000
View pricing guidelines and assumptions

Banc Agency Express Series
Apartment Loan Rates

Fixed	Rate	DSC	Amort	LTV
5 yr	5.43	1.55x	30 yr	55%
5 yr	5.63	1.35x	30 yr	65%

5 yr

5.81

1.20x

30 yr

80%

7 yr

5.52

1.55x

30 yr

55%

7 yr	5.68	1.35x	30 yr	65%
7 yr	5.82	1.20x	30 yr	80%

10 yr	5.74	1.55x	30 yr	55%
10 yr	5.90	1.35x	30 yr	65%

10 yr

6.04

1.20x

30 yr

80%

30 yr	6.73	1.55x	30 yr	55%
30 yr	6.90	1.35x	30 yr	65%

30 yr

6.98

1.20x

30 yr

80%

Rates Updated Daily by 12 P.M. EST.

-- Minimum loan size $500,000
View pricing guidelines

Banc Plus Series 3 Year Fixed-Rate ARM

Fixed	Rate	Term	Amort	Buy Down
3 yr	6.50	30 yr	30 yr	100 BPS
3 yr	6.83	30 yr	30 yr	50 BPS

3 yr

7.16

30 yr

PAR

Rates Updated Daily by 12 P.M. EST.

-- Pricing assumes property is located in strong economic market
-- Maximum LTV 75%
View pricing guidelines

Banc Plus Series 5 Year Fixed-Rate ARM

Fixed	Rate	Term	Amort	Buy Down
5 yr	6.54	30 yr	30 yr	100 BPS
5 yr	6.79	30 yr	30 yr	50 BPS

5 yr

7.04

30 yr

PAR

Rates Updated Daily by 12 P.M. EST.

-- Pricing assumes property is located in strong economic market
-- Maximum LTV 80%
View pricing guidelines

Banc Plus Series 7 Year Fixed-Rate ARM

Fixed	Rate	Term	Amort	Buy Down
7 yr	6.68	30 yr	30 yr	100 BPS
7 yr	6.88	30 yr	30 yr	50 BPS

7 yr

7.08

30 yr

PAR

Rates Updated Daily by 12 P.M. EST.

-- Pricing assumes property is located in strong economic market
-- Maximum LTV 80%
View pricing guidelines

Banc Plus Series 10 Year Fixed-Rate ARM

Fixed	Rate	Term	Amort	Buy Down
10 yr	6.98	30 yr	30 yr	100 BPS
10 yr	7.14	30 yr	30 yr	50 BPS

10 yr

7.31

30 yr

PAR

Rates Updated Daily by 12 P.M. EST.

-- Pricing assumes property is located in strong economic market
-- Maximum LTV 80%
View pricing guidelines

Banc-Series Mezzanine B Note

Coupon	Rate	Term	Fee	Points
5 yr	13.65	5 yr	$1,000	1%
7 yr	13.45	7 yr	$1,000	1%

10 yr

13.45

10 yr

$1,000

Rates Updated Daily by 12 P.M. EST.

10% Mezzanine B Note Maximum
View pricing guidelines

Agency Series Pricing Guidelines

-- Minimum loan size $3,000,000.
-- Rates quoted assume a 1% rate buy down. Add approximately 16 -25 BPS to the rate for PAR pricing.
-- Rates quoted assume most attractive rates available under the respective programs and assume: excellent property quality, strong sponsorship, excellent management and strong market conditions. Add 30 BPS to rate if more than one of the conditions are not met.
-- Prepayment is yield maintenance up to 6 months to the end of loan term, followed by 3 months of 1% outstanding balance, then 3 months of open prepayment.
-- Prepayment for 30 year fixed rate option is yield maintenance of 15 years then a 1% prepay for 14.5 years and then open for prepay with no penalty.

Agency Express Series Pricing Guidelines

-- Loan sizes $500,000-$3,000,000
-- Loan sizes below $750,000 are subject to pricing adjustments.
-- Rates quoted assume a 1% rate buy down. Add approximately 16-25 BPS to the rate for PAR pricing.
-- Rates quoted assume most attractive rates available under the respective programs and assume: excellent property quality, strong sponsorship, excellent management and strong market conditions.
-- Prepayment is yield maintenance up to 6 months to the end of loan term, followed by 3 months of 1% outstanding balance, then 3 months of open prepayment.
-- For a declining percentage prepay add approximately 20 BPS to the rate.

Banc-Series Pricing Guidelines

-- Minimum loan size $300,000
-- Maximum LTV is 80%. For loans above 75% LTV add 12.5 BPS to the rate.
-- Rates fixed for the terms quoted. Upon conversion, rate will adjust to the 6 month LIBOR plus 2.50%.
-- Floor is initial interest rate.
-- Interest only payment options require a rate increase of 12.5 BPS.
-- Rates quoted assume a 60 day forward lock.
-- Prepayment is a declining percentage fee:
5 year fixed: 3, 3, 3, 0
5 year fixed: 5, 4, 3, 2, 1,0, 0
7 year fixed: 5, 5, 4, 4, 3, 2, 1, 0
10 year fixed: 5, 5, 4, 4, 3, 3, 2, 2, 1, 1, 0

85% CLTV Mezzanine Option

A combined 85% CLTV is available with an in-house Mezzanine B Note, available only for qualified borrowers and properties.

-- Minimum combined DSCR of 1.05x.
-- 700 minimum credit score required.
-- B Note has a $100,000 minimum - $400,000 maximum loan size.

Banc-Series Portfolio Pricing Guidelines

-- Minimum loan size $250,000.
-- Loans sizes below $500,000 add 25 BPS to the rate
-- 25,000 minimum population requirements
-- Rates quoted assume a 1% rate buy down
-- Credit scores below 660 add 25 BPS to the rate.
-- Maximum LTV is 80% for both purchases and refinances.
-- Rates fixed for the terms quoted. Upon conversion, rate will adjust to the 6 month LIBOR plus 2.00%.
-- Floor is initial interest rate minus 1.0%.
-- Rates quoted assume a 60 day forward lock. $500 lock fee required.
-- Prepayment is a declining percentage fee:
3 year fixed: 3, 2, 1
5 year fixed: 5, 4, 3, 2, 1
At the end of the respective fixed period, loan will reset at the prevailing market rate and will reset at the same interval for the life of the loan.
-- Rate is locked 8 days prior to closing. 60 day rate lock is available.