ELIGIBLE PROPERTIES:

Properties where the owner occupies 50% + of the building.

LOAN SIZES:

$1million+

LOAN TERMS:

3 to 10 Year terms are available.

PRICING:

Rate based on spread over comparable-term Treasuries or swap curve. 

ORIGINATION FEES:

From 0%

MAXIMUM AMORTIZATION:

30 Years

MINIMUM DSCR:

1.15x

MAXIMUM LTV:

90%

RECOURSE:

Full, Partial or non-recourse with standard carve-outs.

PREPAYMENT:

Yield Maintenance, Defeasance and Graduated Prepayment Premium options available.

INTEREST RATES:

Fixed and variable rates are available.

THIRD PARTY REPORTS:

Appraisal, Phase I and Property Condition Report.

ESCROWS:

May be required for taxes, insurance, replacement reserves, tenant improvements and leasing commissions.

ASSUMPTION:

Typically assumable subject to review and approval of the new borrower’s financial position.