Conduit Apartment Loans - Large Balance
Multifamily Mortgages
(From $2 Million, No Maximum)
The Commercial Mortgage Backed Securities (CMBS) market is one of the fastest growing segments of the commercial mortgage industry. Just as not all projects fit Fannie Mae or FHA financing guidelines for qualified multifamily and health care/seniors housing, so too, not all commercial real estate can be financed utilizing the same financing structure.
Commercial Loan Direct executes each transaction with the capital expertise, creativity, flexibility and excellence by which we have become known. In addition, as a comprehensive capital provider, Commercial Loan Direct also can provide floating rate transitional debt, mezzanine debt, tax-exempt bond financing, and loan servicing.
Our CMBS products deliver financing for a wide spectrum of commercial property types, including office, retail, industrial, multifamily, manufactured housing and hotel, and has the following features:
- Loan Amount: $2 Million - No Maximum
- Pricing: Fixed interest rates priced at competitive spreads over comparable maturity U.S. Treasury
- Term: 5, 7, 10, 15, 20 years
- Amortization: 30 Years Maximum
- Cash Out: Permitted
- Prepayment: Multiple options
- Loan to Value Ratios: 80%
- Assumable
- Recourse: Non-recourse
- Property Types: Multifamily - Apartment buildings having 5 or more units
- Availability: Nationwide
- Rate Lock: Rate is locked at least 24 hours prior to funding,
Borrower may elect an Early Rate-Lock option - Third Party Reports: Appraisal, Environmental, Property Condition Report, Seismic (required in high risk areas)
- Closing: Typically within 30 days of accepted commitment
- Maximum LTV: 80%
- Minimum DSCR: 1.25
Get a free large conduit apartment loan quote today
In its prequalifying review, Commercial Loan Direct will attempt to estimate both the loan amount and the fees and costs associated with the transaction. Actual loan amounts and actual fees and expenses may vary from the prequalifying estimates. A prequalifying estimate is not a commitment to make a loan.