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Apartment Loan
Quick Links |
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Dedicated
Student Housing Loans |
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Banc-Series™ Small Balance
Apartment Loans provide a consistent cost effective lending
platform for qualified student housing properties.
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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
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Learn more about student
housing loans under CommercialBanc's
Banc-Series
Multifamily Loan Program. Restrictions apply*. |
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CommercialBanc
Dedicated Student
Housing Loan
Program
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CommercialBanc
Multifamily Lending
Group offers dedicated student housing loans
through its Agency-Series™
Multifamily Loan Program. |
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The
Agency-Series™ Student Housing Loan
Program
is a customized multifamily loan program that
addresses the special needs
financing of the student housing
market. Borrowers can expect
flexible financing terms, including
supplemental loans, structured
transactions, and fast execution. |
CommercialBanc
Dedicated Student
Housing
Loan Program
Overview
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Dedicated Student
Housing Loans are
available based on
the following
general program
guidelines.
Exceptions to
standard terms are
made on a
case-by-case basis.
Contact a
Multifamily Lending
Expert at
1-888-706-BANC, to
learn more. |
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Eligible Properties |
Existing,
stabilized properties that have a student tenant base
and are not readily convertible to conventional
multifamily housing. |
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Properties typically have
undergraduate or graduate students
comprising a minimum of 80%
residency that were specifically
constructed as student housing
facilities, or built as conventional
multifamily housing that function as
dedicated student housing.
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Eligible properties typically are
located at or near a college or
university with a minimum of 10,000
students, the majority of which are
full time. Property should be
located within a two mile radius of
campus. |
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Student Housing Minimum Loan Size |
$1 million |
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Pricing |
Fixed rate
pricing with fixed term to 10 years. |
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Amortization |
25 years.
Exceptions may be available on a case-by-case basis. |
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Eligible Borrowers |
Single and
multi-asset. Strong borrower with proven track record in
student housing. |
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Food Service |
Not
permitted |
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Leases |
12 month
leases required with parental guarantee or credit worthy
students that are employed. |
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Forward Commitments |
Not
permitted. Exceptions may be made on a case-by-case
basis. |
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Rate Lock |
Extended
rate lock available. |
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