Small Conduit Apartment Loans
Conduit Multifamily Mortgages - CMBS (non-recourse)
The Commercial Mortgage Backed Securities 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.
- Loan Amount: $1 Million - $5Million
- Pricing: Fixed interest rates priced at competitive spreads over comparable maturity U.S. Treasury
- Term: 5 - 20 years
- Amortization: 30 Years Maximum
- 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