income property > fixed rate loans--lowest rates
Fixed Rate Loans, Lowest Rate Commercial Properties
| Conduits and Life Companies | |
| Product Description: | Loans
for refinance, purchase or construction take-out of quality well located properties
nationwide. Big advantage to these loans are |
| Minimum Loan Amount: | $2.5 million |
| Maximum Loan-to-Value: | 80% |
| Minimum Debt Service Coverage: | 1.25 |
| Loan Terms: | 10 years (7 & 15 year terms available) |
| Loan Fee | 1% |
| Amortization: |
20 - 30 years based on property age & condition |
| Rates: | |
| Prepayment: |
5 year lockout followed by yield maintenance or defeasance |
| Secondary Financing: | Generally not permitted |
| Assumability: | Allowed with approval for 1% fee |
| Borrower: |
Single-asset entity |
| Early Rate Lock: | Available for no fee following preliminary approval, executed application and receipt of 2% refundable deposit. |
| Recourse: |
Loans are non-recourse with standard carve outs |
| Lending Area: | Nationwide |
Please contact an Account Executive
Rate and terms subject to change without notice
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Need to discuss a transaction? Please contact an Account Executive.
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