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.