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Looking for a conduit
Multifamily loan and require greater than 75%financing?
CommercialBanc can arrange subordinate debt up to 90% CLTV with
a Mezzanine 2nd.
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| CommercialBanc's
CMBS-Series Conduit Multifamily Loan Program is a
non-recourse loan program available for income-producing
Multifamily real estate properties located across the nation. Our
Multifamily property conduit loan program is highly
structured to maximize leverage, resulting in higher loan
amounts for our borrowers. The flexibility of the
CMBS-Series Program allows us to custom tailor the
financing to meet each individual investor's needs. |
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CMBS-Series Capital Markets
Financing |
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Conduit Multifamily Loan Program Overview
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Conduit
Multifamily Loan
Size Minimum: $1,000,000
Lending Territory:
Multifamily Conduit Loans Provided Nationwide
Property Quality: A, B, C
LTV: 75%-85% Depending on Overall Credit Grade of Request
Seasoning Requirements: 2 Years
DSC Ratio: 1.20:1
Prepay: Defeasance - Yield Maintenance
Fixed Interest Rate Options: 3-5-7-10-20 Year Period
Index: Treasury (Swap)
Margin: 90-170 BPS Above Index
Amortization: 30 Years
Recourse: Non-Recourse With Standard Carve Outs
Assumable: Yes
Escrows: Taxes, Insurances, Tenant Improvements,
Replacement Reserves, 125% for Needed Repairs (if any)
Basic Documentation: Full Document |
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Rates Start at 70 BPS Over Swap Rate |
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● No Investment Bank Fees |
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● Non-Recourse
With Standard Carve-Outs |
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● No Securitization Fees |
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● No Separate
Legal Expense |
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● 90% CLTV
W/Mezzanine 2nd |
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● Prepayment
Provisions: 3 Year
Lockout |
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● Conduit Apartment Loans From
$500k. |
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● No
Lease Option |
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● No
Environmental |
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Unlimited Cash Out |
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● 30-45
Day Closings |
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| Getting started with CommercialBanc is quick and
easy. Simply complete the
conduit
loan quote request online. We will issue a term sheet usually the same
business day. CommercialBanc
relies on our 18 plus years of experience to
help our borrowers make the right decisions.
Contact a commercial mortgage professional if we
can help.
1-888-678-BANC |
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