CMBS / Conduit Loans

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 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.