CommercialBanc
  Banc-Series Mezzanine Apartment Financing Program  
Contact CommercialBanc at 1-866-706-BANC
Multifamily Lending - Apartment Loans and Multifamily Loans Commercial Lending - Commercial Loans Conduit Lending - Conduit Loans Small Balance Plus Commercial Mortgages How to Get Started With CommercialBanc
CommercialBanc
CommercialBanc Multifamily Lending Group Banc-Series Apartment Loans CommercialBanc
CommercialBanc
SP
 
   Apartment Loan Quick Links

●

 Apartment Loan Center

●

 Small Balance Apartment Loans

●

 Large Balance Apartment Loans

●

 Stated Income Apartment Loans

●

 Dedicated Student Housing Loans

●

 Seniors Housing Loans

●

 Affordable Housing Loans

●

 Manufactured Housing Loans

●

 Apartment Loan Rates

●

 Apartment Loan Quick Quote
 

Your Single Choice in Multifamily Lending
 
 
  Banc-Series Program Advantage
  Banc-Series™ minimizes out of pocket expense, both initially and long-term with:
  • No lender points
  • No commitment fees
  • No outside legal fees
  • No Application fees
  • Capped closing fee of only $5,500, including lender costs and third party reports, for loan sizes up to $5 million
  • Reduced impound requirements
  • Eliminate interest rate risk and refinance costs with 30 year no balloon terms
    		•
      Get an Instant Student Housing Loan Quote
     
    SP

    Home  >  Apartment Loan Center  >  Small Balance Apartment Loans  >  Banc-Series Program  >
    Banc-Series Mezzanine Apartment Loan Option
     
     
    SP

    Banc-Series Mezzanine Apartment Loan Program Overview

    CommercialBanc's Mezzanine Apartment Loan Program provides higher leverage apartment financing with a conventional Banc-Series™ Product
    - Note A - combined with a Mezzanine B Note to provide up to 85% CLTV. Both products are underwritten and closed in-house.
    SP
    ●   Mezzanine apartment financing simplified with one lender, one underwriting, and one set of documents
    ●   No pledge of ownership required
    ●   Larger loans sizes and easier qualifying with combined DSCR of 1.05
    ●   Senior A Note retains standard Banc-Series™ program integrity

    Banc-Series Mezzanine Apartment Loan Program Guidelines
    The 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.
    SP

    SP

    		 Mezzanine Apartment Loan Sizes $100,000 - $400,000

    SP

    		 Senior Note A to 80% LTV SP Mezzanine B Note to 85% CLTV

    SP

    		 Combined DSCR of 1.07 SP 5 / 7 / 10 Year Fixed Rate Terms

    SP

    		 A Note 360 Month Amortization SP B Note Amortized to Term

    SP

    		 A Note Step Down Prepayment SP B Note Yield Maintenance Prepay

    SP

    		 1% Origination Fee on B Note SP No Outside Legal Fees

    SP

    		 Limited Appraisal - No Environmental SP No Outside Legal Fees

    SP

    		 B Note May Be Retired Independently
    SP
    SP Check today's rates SP Get a custom quote
    SP
    		 
    CommercialBanc
    Footer

    About  l  Contact Us  l  Privacy Policy  l  User Agreement  l  Apartment Loan Center  l  Commercial Loan Center  l  Conduit Loan Center

    * 85% LTV available to qualified borrowers based on overall property condition - good to better - and overall personal credit rating - above 680 -

    CommercialBanc is an online commercial lender and apartment lender providing borrowers with a simplified way to obtain commercial mortgage loans and multifamily loans through standardization and a product driven online platform.  * 90% apartment financing available in select markets.

    CommercialBanc Commercial Mortgage Home

    Copyright © 2007 CommercialBanc.com

    Commercial Lenders License #CL0701940
    		Footer