CAPITAL STRUCTURE: PERMANENT LOAN
An aggressive Bank lending in the top 200 MSAs offering flexible long-term balance sheet financing for Multifamily, Industrial, Retail, Office, Medical Office, Self-Storage & Student Housing
Check Size: $3MM – $50MM
LTV: Up to 80% for Multifamily and 75% for all others
Rate: Spreads ranging from 1.25% to 2% dependent on asset class, leverage and term
Recourse: Non-recourse, partial, and full options available
Term: 5 to 15 years
Amortization: 15 to 30 years
Interest Only: Available for 3 to 10 years based on leverage variation below 65%
Forward Rate Locks: Up to 12 months as early as commitment
Prepayment Flexibility: Step downs with option to buy down
Reserves: No Tenant Improvement reserves, only for Taxes & Insurance
Geography: Must have population greater than 75,000 within a 5 mile radius of the asset
Closing Costs: $9,500 to $25,000 depending on size