CMBS / Conduit Loans 

CMBS Loans, also known as Conduit Loans, are secured by a first-position mortgage on a commercial property. A CMBS Loan has a fixed or floating interest rate (which may or may not include an interest-only period). The loan is typically amortized over 25-30 years, with a balloon payment due at the end of the term.  CMBS Loans allow investors that cannot usually meet stringent conventional liquidity and net worth guidelines to be able to invest in commercial real estate because of the more flexible underwriting guidelines.  Eligible borrowers are still subject to minimum net worth, liquidity and commercial real estate experience needed to qualify.

Lending Criteria Description
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
This information is NOT a loan approval or commitment to lend. The actual loan amount, interest rate, fees, costs and monthly payment on your specific loan transaction can vary and will depend on your choice of loan product and your unique credit profile. Loans (in CA) will be made pursuant to BRE License # 02001852. Loan Brook, Inc. is an equal opportunity lender.