| |
|
Banc Agency Series
Apartment Loan Rates |
| Fixed |
Rate |
DSC |
Amort |
LTV |
| ARM |
2.76% |
1.30* |
30-yr |
55% |
| ARM |
2.98% |
1.10* |
30-yr |
65% |
| ARM |
3.18% |
1.00* |
30-yr |
80% |
| 5-yr |
2.95% |
1.55 |
30-yr |
55% |
| 5-yr |
3.20% |
1.35 |
30-yr |
65% |
| 5-yr |
3.40% |
1.25 |
30-yr |
75% |
| 7-yr |
3.33% |
1.55 |
30-yr |
55% |
| 7-yr |
3.58% |
1.35 |
30-yr |
65% |
| 7-yr |
3.78% |
1.25 |
30-yr |
80% |
| 10-yr |
3.68% |
1.55 |
30-yr |
55% |
| 10-yr |
3.93% |
1.35 |
30-yr |
65% |
| 10-yr |
4.13% |
1.25 |
30-yr |
80% |
| 15-yr |
4.43% |
1.55 |
30-yr |
55% |
| 15-yr |
4.68% |
1.35 |
30-yr |
65% |
| 15-yr |
4.88% |
1.25 |
30-yr |
80% |
| 30-yr |
5.35% |
1.55 |
30-yr |
55% |
| 30-yr |
5.55% |
1.35 |
30-yr |
65% |
| 30-yr |
5.75% |
1.25 |
30-yr |
80% |
|
Rates Updated Daily by 12 P.M.
EST. |
|
Banc Agency Express Series
Apartment Loan Rates |
| Fixed |
Rate |
DSC |
Amort |
LTV |
| 5-yr |
3.19% |
1.55 |
30-yr |
55% |
| 5-yr |
3.41% |
1.35 |
30-yr |
65% |
| 5-yr |
3.61% |
1.25 |
30-yr |
75% |
| 7-yr |
3.56% |
1.55 |
30-yr |
55% |
| 7-yr |
3.78% |
1.35 |
30-yr |
65% |
| 7-yr |
3.98% |
1.25 |
30-yr |
80% |
| 10-yr |
3.94% |
1.55 |
30-yr |
55% |
| 10-yr |
4.16% |
1.35 |
30-yr |
65% |
| 10-yr |
4.36% |
1.25 |
30-yr |
80% |
| 15-yr |
4.69% |
1.55 |
30-yr |
55% |
| 15-yr |
4.91% |
1.35 |
30-yr |
65% |
| 15-yr |
5.11% |
1.25 |
30-yr |
80% |
| 30-yr |
5.50% |
1.55 |
30-yr |
55% |
| 30-yr |
5.70% |
1.35 |
30-yr |
65% |
| 30-yr |
5.90% |
1.25 |
30-yr |
80% |
|
Rates Updated Daily by 12 P.M.
EST. |
|
--
Minimum loan size $750,000 - smaller loans
considered on a case by case basis
-- Loan sizes below $3,000,000 are subject to pricing
adjustments - 10 bps
-- Rates quoted assume most attractive rates
available and assume: excellent property quality,
strong sponsorship, experienced management and
strong market conditions/major MSA. Add 10-30 BPS to
the rate if more than one of the conditions are not
met
View
pricing guidelines |
|
HUD FHA 223(f) Interest Rate |
| Fixed |
Rate |
Term |
Amort |
LTV |
| 35 yr |
4.15 |
35 yr |
35 yr |
83.3% |
|
Rates Updated Daily by 12 P.M.
EST. |
|
--
Pricing does not include MIP
-- Maximum LTV 83% for purchase and 80% for cash out
refinances
-- $2 million minimum size. Smaller loans considered
on a case by case basis |
|
Banc Plus Series 6 Month LIBOR ARM |
| Fixed |
Rate |
Term |
Amort |
Buy Down |
| ARM |
3.95 |
4 yr |
30 yr |
100 BPS |
| ARM |
4.11 |
4 yr |
30 yr |
50 BPS |
|
Banc Plus Series 3 Year Fixed-Rate ARM |
| Fixed |
Rate |
Term |
Amort |
Buy Down |
| 3 yr |
4.25 |
4 yr |
30 yr |
100 BPS |
| 3 yr |
4.43 |
4 yr |
30 yr |
50 BPS |
|
Banc Plus Series 5 Year Fixed-Rate ARM |
| Fixed |
Rate |
Term |
Amort |
Buy Down |
| 5 yr |
4.40 |
6 yr |
30 yr |
100 BPS |
| 5 yr |
4.53 |
6 yr |
30 yr |
50 BPS |
|
Banc Plus Series 7 Year Fixed-Rate ARM |
| Fixed |
Rate |
Term |
Amort |
Buy Down |
| 7 yr |
5.01 |
8 yr |
30 yr |
100 BPS |
| 7 yr |
5.12 |
8 yr |
30 yr |
50 BPS |
|
Banc Plus Series 10 Year Fixed-Rate ARM |
| Fixed |
Rate |
Term |
Amort |
Buy Down |
| 10 yr |
5.55 |
8 yr |
30 yr |
100 BPS |
| 10 yr |
5.63 |
8 yr |
30 yr |
50 BPS |
| 10 yr |
5.71 |
8 yr |
30 yr |
PAR |
|
Rates Updated Daily by 12 P.M.
EST. |
|
--
Class A Assets
-- 700 minimum FICO
-- Subtract 15 basis points if LTV < 50%
-- Pricing assumes property is located in strong
economic major metropolitan market (Coastal Southern
California, Salt Lake City, Chicago, San Francisco,
San Jose,
Boston, Washington DC, Seattle, Minneapolis, Denver,
Portland, New York Metro Area, Dallas, San Antonio,
Austin)
-- Properties located outside of the above
referenced markets will have a pricing adjustment of
between 40-75 bps depending on fixed term and market
-- Maximum LTV 70% for purchase and 65% for cash out refinances
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 |
1% |
|
Rates Updated Daily by 12 P.M.
EST. |
-- 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 the greater of 1% or yield maintenance up to 6 months to
the end of loan term, followed by 3 months of 1%
of the outstanding balance, then 3 months of open
prepayment with no penalty.
-- 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. |
|
7 Year ARM Pricing
Guidelines |
-- 7 year term
-- Index is 30 day LIBOR
-- Rate Ceiling - Cap is built in at no extra cost.
7.5% maximum lifetime cap. Lower for lower leveraged
loans.
-- Interest rate adjusts monthly - 15 day lookback.
-- Convertible to fixed rate (7-yr or 10-yr) in
years 2-5.
-- 1% prepay. No prepay to convert to fixed rate. 12
month lock out.
-- 1%-2% origination fee.
-- 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.
* The loan amount is limited to the lesser of the
DSC limits or 100% of fixed rate proceeds. |
 |
-- 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 the greater of 1% or yield maintenance up to 6 months to
the end of loan term, followed by 3 months of 1%
of the outstanding balance, then 3 months of open
prepayment with no penalty.
-- For a declining percentage prepay add
approximately 100-125 BPS to the rate. |
|
|
-- Minimum loan size
$300,000 - Pricing assumes minimum loan size of
$750,000. For loan sizes between $500,000 -
$749,999 add 25 basis points to the rate.
-- Maximum LTV is 70%.
-- Rates fixed for the terms quoted. Upon
conversion, rate will adjust to the 6 month LIBOR
plus 2.70% - 3.15%.
-- Floor is initial interest rate.
-- Interest only payment options available
-- Rates quoted assume a 60 day forward lock.
-- Prepayment is a declining percentage fee:
3 year fixed: 3, 2, 1
5 year fixed: 5, 4, 3, 2, 1, 0
7 year fixed: 5, 5, 5, 4, 3, 2, 1
10 year fixed: 5, 5, 4, 4, 3, 3, 2, 2, 1, 1, 0 |
| 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. |
-- 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. |
|
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