| Loan Amount |
Minimum:
$1,000,000
Maximum: None |
| Recourse |
None, except standard carve-outs |
| Interest Rate Type |
Fixed |
| Eligible Property Types |
| Multifamily |
Self-Storage |
| Office |
Manufactured Housing |
| Retail (anchored & unanchored) |
Assisted Living |
| Hotel (franchise/high-end ind.) |
Credit Tenant Leases |
|
| Loan Terms |
7-20 Years |
| Amortization Terms |
20-30 Years |
| Loan-to-Value |
Typically maximum of 75%.
80% available on a
case-by-case basis |
| General Spreads over Treasuries |
| Due to volatility in the mortgage-backed securities industry,
spreads on most asset types are subject to change and are deal specific.
Please call for quotes.
|
|
| Loan Processing Expenses |
| Appraisal, Engineering/Environmental: |
Varies per transaction |
|
| Timing |
| Initial loan quotes within 24-48 hours |
| Commitment within 7-10 days of third party reports |
| Closing within 30 days of executed Commitment Letter |
|
| Financing Fees |
Generally 1.0%-2.0% of the gross loan amount
Par Pricing available |
| Preliminary Information Needed |
1.
|
Detailed operating statements for the past three
calendar years (1998-2000) |
| 2. |
Year-to-date 2001 operating statements |
| 3. |
Current rent roll |
| 4. |
Hotels only: Monthly ADR and Occupancy information for the past
three calendar years (1998-2000) and Year-to-date 2001 |
5.
|
If available: recent appraisals, engineering or environmental
reports, site plans, pictures, or any additional information on the property |
|
Suite 402