CMBS / Conduit

Conventional Loans are available nationwide for various commercial properties. The interest rate is fixed for 1-5 years to adjustable with a standard 10-year term. Finance acquisitions and refinance to 85% LTV. The cash-flow is analyzed by dividing the net operating income by the proposed payment for a minimum 1.25% debt coverage ratio. This type loan typically requires minimum net worth equal to the loan amount, standard credit rating and liquidity to qualify.

Lending CriteriaDescription
Purpose:
  • Purchase and Refinance
Property Type:
  • Office Buildings / Retail
  • Industrial / Warehouse
  • Hospitality / Mixed Use
  • Self-Storage / Gas Stations
  • Medical / Healthcare
Max Loan-to-Value:
  • 75% LTV
Minimum Credit Score:
  • 680+
Prepayment Penalty:
  • Yield Maintenance
Maximum Debt-Service-Ratio (DSR):
  • 1.25%
Recourse:
  • Non-Recourse
Assumable:
  • Subject to lender approval
Broker Fee:
  • 1 point
Terms:
  • 5 – 10-Years
Interest Only:
  • Available
Loan Amounts:
  • $3,000,000+
Closing Timeframes:
  • 60 – 90 days
Amortization:
  • 25 – 30-Years
Collateral:
  • 1st Trust Deeds
Impounds:
  • Required for Tax & Insurance
Other Available Options:
  • Interest Only – 15 Yrs. Amortized
Other Costs:
  • All 3rd Party Fees