Small Conduit Commercial Loans
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.
Conduit Small Commercial Mortgage
The Commercial Mortgage Backed Securities market is one of the fastest growing segments of the commercial mortgage industry due primarily to its pricing and flexibility.
- Loan Amount: $1 Million - $5Million
- Description: Fixed-rate, non-recourse financing. Commercial mortgages are secured by income property.
- Pricing: Fixed interest rates priced at competitive spreads over comparable maturity U.S. Treasury
- Term: 5, 7, 10 or more years
- Amortization: 30 Years Maximum
- Prepayment: Multiple options
- Loan to Value Ratios: 75% to 80% depending on property type.
- Assumable: Yes
- Recourse: Non-recourse with standard carve-outs
- Cash Out: Permitted
- Property Types: office, retail, industrial, multifamily, manufactured housing and hotel
- 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: (ordered upon acceptance of application and payable by Borrower) Appraisal, Environmental, Property Condition Report, Seismic (required in high risk areas)
- Closing: Typically within 30 days of accepted commitment
Eligible Property Types
Property Type, Maximum LTV, Minimum DSCR, and Maximum Amortization
- Multifamily 80% LTV, 1.20x, 30 years
- Anchored Retail 80% LTV, 1.20x, 30 years
- Unanchored Retail 75% LTV, 1.25x, 30 years
- Office Building 80% LTV, 1.25x, 30 years
- Warehouse/Industrial 80% LTV, 1.25x, 30 years
- Manufactured Housing 80% LTV, 1.20x, 30 years
- Self-Storage 75% LTV, 1.25x, 25 years
- Hotel 75% LTV, 1.40x, 25 years
- Assisted Living 75% LTV, 1.35x, 25 years
- Skilled Nursing Facilities 75% LTV, 1.40x, 25 years
Required Loan Information:
- Transaction summary including property description
- Historical operating statements
- Current debt/acquisition cost/construction costs
- Site plan
- Borrower information
- Photographs
- Current rent roll Bullets
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.
Apply for a Small Conduit Commercial Loan