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Conduit Loans
Quick Links |
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Conduit
Office Building Loans |
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CommercialBanc
Conduit Office Loan Program
Overview
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CommercialBanc's
Conduit Office Loan
Program provides
permanent fixed rate
financing for CBD
and suburban single
tenant,
multi-tenant, and
credit tenant office
properties. Office
loans are available
in most market
sectors for
stabilized
properties with a
demonstrated ability
to re-lease at
market rates. |
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To learn more about
CommercialBanc's
office building loan
programs, contact a
commercial mortgage
specialist at
1-866-706-BANC. |
CommercialBanc
Conduit Office Loan Guidelines
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Eligible Properties |
Stabilized
CBD and suburban single, multi, and credit tenant office
properties. High-rise, low-rise, and office condo
property structures permitted.
Office properties should be Class B or better.
For single tenant or anchor tenant properties, lease
terms should extend past the fixed term of loan. |
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Loan Size |
Loan sizes
starting at $1 million |
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Pricing |
Tiered
pricing based on LTV and DSCR
110-155 above comparable "on the run" Treasury rates
Rate buy downs are available |
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Location |
Located in
mid to large market sectors and small market sectors
with strong sponsorship. |
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Loan Terms |
5-20 year
fixed terms with 25-30 year amortizations |
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Personal Guarantees |
Non-recourse with standard carveouts |
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Loan-to-Value |
Maximum 80% |
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Rate Lock |
30-day
forward lock available with U/W approval
2% commitment deposit credited at closing. |
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Occupancy Requirements |
Stabilized
properties with staggered lease expirations. |
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Impounds |
Taxes,
insurance, tenant improvements, replacement reserves,
125% for needed repairs. |
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Preliminary Submission
Package For a Conduit Office Loan: |
Include the following in your request for a
conduit office building loan quote:
1. Property description and location map
2. Representative color photographs
3. Current rent roll and year-to-date operating statement
4. Operating history - prior 3 years, if available
5. Current year operating budget
6. Existing debt and cost basis
7. Sponsor resume |
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