| Property Types: |
All Stabilized Property Types Considered |
| Lending Area: |
Nationwide |
| Loan Size: |
$15,000,000 - $100,000,000 |
| Loan to value: |
Up to 90%, Typically 80% |
| Loan Terms: |
3, 5, 7, 10, 15, 30, 40 Year terms available |
| Amortization: |
Up to 40 Years. Typically 30 Years. |
| Securitized by: |
First Mortgage Lien |
| Interest rate: |
Starting at U.S. Ten Year Treasury Bill + 100 bps |
| Fees: |
Typically 1 point + 3rd parties |
| Prepayment/lockout: |
Yield Maintenance/Defeasance/Declining Prepayment |
| Terms Available: |
Up to 40 year on Multi-family. Up to 30 year on all other
property types |
| Prepayment: |
Yield Maintenance/Defeasance/Declining
Prepayment structures available |
| Recourse: |
Non-Recourse (with standard carve-outs)
/Full Recourse – Depending on strength of
Property and Borrower |
| Assumption: |
Generally permitted, subject to lender’s approval with a 1% fee |
| Closing Period: |
45-60 Days from executed application |
| Unique Features: |
Stated Income programs available
Up to 40 Year Fixed rate, self-amortizing loan on Multi-family |
