CAPITAL STRUCTURE: Permanent Loan Use: $5M – $25M LTV: 70% Rate: UST + 120 bps +/- Term: 10 – 15 – year fixed-rate Use: Acquisition, Refinance Property type: Multifamily, Industrial, Retail (multi-tenant only), Office Geography: Prefers metro areas with 350,000+ population
Capitals: Permanent Loan
Insurance-backed lender providing flexible fixed & floating senior secured debt with no minimum debt yield requirements
CAPITAL STRUCTURE: Permanent Loan Property Type: Multifamily, Office, Industrial, Retail, Hospitality Use: Value-add, Development, Acquisitions/Recapitalizations (stabilized) Check Size: $10M–$300M LTV / LTC: Up to 75% Rate: Floating @ SOFR + 350bps+ or Fixed @ UST + 300bps+
Portfolio Lender with post-closing flexibility; closing as fast as 30 days from rate lock
By margarita
CAPITAL STRUCTURE: Permanent Loan Property Types are all major classes, including: Healthcare, Manufactured Housing, Medical, Retail, Self Storage, Student Housing Use: Acquisition, Refinance Check Size: $5M–$150M LTV: Up to 65% (core) / up to 75% (core-plus) Rate: UST + 150bps+ Amortization: Up to 40 years + 10 for lower LTV Recourse: Non-recourse (standard carve-outs) Geography: […]
Insurance Company Subsidiary Providing Flexible Long Term Financing
By M H
CAPITAL STRUCTURE: Permanent Loan Check Size: $5-40MM LTV: Up to 70% Rate: US Treasury plus 250-300 bps Term: 3-25 years Recourse: Non-recourse with standard carve-outs Amortization: Up to 30 years Property Types: Office, industrial, retail, multifamily, student housing, self-storage Geography: Primary & secondary markets in the U.S. and Canada DSCR sizing: 1.20-1.30 (multifamily), 1.20 (industrial), 1.40-1.45 […]
An insurance company is funding large senior construction loans at a fixed rate (locked at application) that convert into the fixed-rate permanent loan
By M H
CAPITAL STRUCTURE: Permanent Loan Check size: $50MM+ LTV: Max 70%; typically 65% or less Rate: Market spreads over treasuries Term: 36 months of construction term followed by 7+ year permanent loan for total of 10-25 years Property type: Multifamily, (high & mid-rise, wrap and podium construction, no suburban garden-style product) Uses: Development Geography: Top 10 metro areas in the U.S. (urban, […]
An international fund manager is deploying rare participating debt investments out of its multi-billion open-ended fund
By M H
CAPITAL STRUCTURE: Permanent Loan Check size: $20-$200MM LTV: 90% Rate: Current pay rate of 5-6% with 50% operating cash flow participation post debt service Waterfall: Upon a capital event: Repayment of mortgage Preferred return of 7-9% to lender Return of borrower’s equity Preferred return of 7-9% to borrower 50/50 share thereafter Term: Closed to pay off after 5-7 years Property type: Multifamily, […]
An aggressive CMBS lender has rolled out a new program offering a 40-year amortization period for 90s+ vintage multifamily, industrial, and select office properties
By M H
CAPITAL STRUCTURE: Permanent Loan Check size: $5-$60MM LTV: Up to 75% as-is value Rate: Market spreads (180-200bps for full leverage) over SWAPS Term: 10 years Amortization: 40 years Interest Only: Available for 1-3 years, or more on lower leverage Property type: Multifamily, Industrial and select Office Uses: Acquisitions, recapitalization Geography: Nationwide No Closing Costs: On loans over $30MM where leverage is 60% or less
An aggressive Bank lending in the top 200 MSAs offering flexible long-term balance sheet financing
By M H
CAPITAL STRUCTURE: Permanent Loan 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 […]
CMBS lender rolls out a new program offering streamlined documentation and fixed low closing costs for fixed-rate loans
By M H
CAPITAL STRUCTURE: Permanent Loan 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 […]
Asset management firm providing balance sheet execution for core+ permanent loans
By M H
CAPITAL STRUCTURE: Permanent Loan Property Type: Student/Multifamily Housing, Self-Storage, Retail, Office, MHP’s and Hospitality Check size: $10 – $75MM Leverage: Up to 85% LTC / 75% LTV Rates: Spreads to Treasuries of 150 bps+ Term: Up to 15 years Amortization: Interest only Future Funding: Earn Outs for performance-based goals Uses: Acquisitions & Refinance Geography: Nationwide
Large international LifeCo providing low cost and flexible alternative to banks and domestic insurance company options
By M H
CAPITAL STRUCTURE: Permanent Loan Property Type: Office, Mixed-Use, Self Storage, Flex, Industrial, Hotel, and Multifamily. Check size: $10 – $40MM Leverage: Up to 70% LTV on post COVID pricing. Lower for Retail and Hospitality. Rates: starting at 3.5% over LIBOR on floating and low 4s all in rate on fixed basis Fees: 1% in Term: Up to 7 years + extension Amortization: IO […]
National Investment Advisor Offering Non-Recourse Flexible Long-Term Financing
By M H
CAPITAL STRUCTURE: PERMANENT LOAN Investment advisor offering in house asset management, interest-only, non-recourse flexible loan structures Check size: $10MM-$50MM Term: 5-10 years+ LTV / LTC: Target <55% Pricing (“Interest”): Market Spread over UST; 30/360 Structure: Fixed Rate Origination Fee: Par + Processing fee Amortization: Max 30 years (IO Available sub-60%) Target Returns (DSCR/DY): Minimum 1.25x (target 1.5x+) / Min. 9% Recourse: Non-recourse Preferred Property […]
Commercial Mortgage Lending Platform Offering Fixed-Rate, Non-Recourse, Senior Mortgage Loans.
By M H
CAPITAL STRUCTURE: PERMANENT LOAN Permanent loans on all major commercial real estate property types throughout the United States. Check size: $10MM-$60MM Term: 5-30 years LTV : <65% of appraised value Structure: Fixed Rate Origination Fee: Par + Processing fee Pricing: Competitive spreads over US Treasuries Other features: Rate lock upon receipt of appropriate deposits Recourse: Non-recourse loans except for standard carve outs Preferred Property […]
