CMBS Conduit Commercial Loan Program Guidelines
|Property Types||Stabilized property types including Office, Retail, Industrial, Multi-Family and Hotel. Self-Storage and Mobile Home Parks Will be considered on a case-by-case basis|
|Loan-to-Value||Up to 75% of appraisal value.|
|Loan Size||$5,000,000 to $500,000,000.|
|Loan Term||Up to 10 years|
|Rates||Depends to location & quality of property.|
|Origination Fee||1.00% of loan amount.|
|Personal Guarantee||Non-recourse subject to standard carveouts.|
|Prepayment||Defeasance or yield maintenance.|
|Assumability||Permitted subject to lender approval and assumption fee.|
|Impounds||Taxes, insurance, tenant improvements, replacement reserves.|
|Borrower Entity||Single purpose entity|
|Reserves||Tax, Insurance and Replacement Reserves required|
|Preliminary Submission||Include the following in your request for a conduit Commercial loan.
Property description and location map.
Representative color photographs.
Current year operating budget.
Current rent roll and year-to-date operating statement.
Operating history - prior 2 years, if available.