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Commercial Loan

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
DSCR 1.25x Minimum.
Rates Depends to location & quality of property.
Origination Fee 1.00% of loan amount.
Locations Nationwide funding.
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.
Sponsor resume.
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