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Apartment Loan
Quick Links |
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Banc-Series Conduit
Multifamily Loan Option |
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Banc-Series
Conduit Multifamily Loan
Program Overview
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A popular choice for
investors looking to
maximize cash flow, CommercialBanc's
Small Balance Conduit
Multifamily Loan Program combines the low rates and high leverage
of a CMBS program with the ease and flexibility of its
Banc-Series™ program, providing borrowers with an
affordable and attainable capital markets financing
option. Benefits include: |
● Maximize monthly
cash flow with exceptionally low fixed interest rates
● Save money with one low capped closing
cost - no separate legal - no lender points
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Avoid a fixed prepayment expense with yield maintenance
- no prepay last 90 days of the loan term |
Banc-Series
Conduit Multifamily
Loan Program
Guidelines
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following Mezzanine apartment
financing program parameters are
standard but are subject to change
at lender discretion based on
borrower financial condition, property
constraints, and economic
conditions. |
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Loan Sizes
$500,000 - $3,000,000 Selected Markets to
$5,000,000 |
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25 or 30
Year Amortization Option |
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Maximum 80% LTV |
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5 / 7 / 10 Year Fixed
Rate Option |
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Subordinate Loans OK |
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Tiered
pricing based on LTV
and DSCR |
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Recourse required with step
down percentage available |
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2 Year Interest Only
Payment Option |
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1.15
DSCR in Low CAP Areas |
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No prepay penalty during last 90 days of term
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May Use
Additional Sources of Income to Help Qualify in Low CAP
Areas |
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Available on 5 +
unit multifamily properties
and limited mixed-use
properties, no HAP
Contracts |
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