CAPITAL STRUCTURE: PERMANENT LOAN
CMBS lender rolls out a new program offering streamlined documentation and fixed low closing costs for fixed-rate loans.
Check size: $1.5-$5MM
LTV: Up to 75% as-is value
Rate: Market spreads (180-220bps for full leverage) over SWAPS
Term: 10 years
Amortization: 30 years
Non-Recourse: Limited to standard carve outs
Property type: Industrial, Retail, Office, Hotel, Multifamily, Self-Storage, Net lease, & MHP
Uses: Acquisitions, recapitalization
Geography: Nationwide Fixed Closing
Costs: $25,000 for lender legal and all third parties
Loan Documentation: Abbreviated securitization agreements