Office Building / Condo Financing
Loan Program Features 1 Million and up with no Maximum
Loan Term Fixed Rates for 5,7,10 years
Ammortization 15 - 30 years
Loan-to-Value up to 90% ( with MEZZ CAP )
Debt Service Ratio 1.25 or more
Closing Time 30 - 60 Days
Rate Lock Period 60 Days
Reserves .10 psf
TI / LC .70 psf
Vacancy 7%
Management 4%
Prepayment Options several
Recourse NO -All loans are non-recourse with the exception of required carve outs
Application Fee None
Initial 3rd Party Fees $5,000 to $25,000
Conduit Crusher
- 500,000 to 10 Million
- A or B Grade Property
- No Legal opinion
- No 10 Yr Balloon
- No Stress or Fitch Constraints
- Low 3rd Party Fees
- No Impound Replacement Reserves
- No Defeasance
- No Yeild Maintenance
- Rates YES...from 160 to 190 BPS over respective US Treasury : example 10 yr 4.55%+160= 6.15%
Call 954-545-0896
Today for a list of documents required for Office Building Office Condo Commercial Loan Submission
