Agency CMBS Properties – Large Balance

Loan Amount

$5,000,000 – $50,000,000

Loan Term

5, 7, 10, 15, 18, 20, 25, and 30 year fixed

Amortization

30 year standard or can be customized

Minimum DSCR

1.25x+

Maximum LTV

  • Acquisition Leverage: Up to 80%
  • Refinance Leverage: Up to 80%

Interest Rate

Check with your ASC representative

Geographic Location

National

Eligible Property Types

Tier 1

  • Multi-Family
  • Mixed-Use
  • Student Housing
  • Assisted Living Facilities
  • Mobile Home Parks
  • Cooperative
Tier 2

  • Student Housing
  • Healthcare Facilities
  • Memory Care
  • Fully Subsidized Properties
  • RV Parks

Recourse

Non-Recourse

Pre-payment

Yield maintenance, defeasance or step down

Assumability

Permitted subject to lender approval

Eligible Borrower

  • 680+ personal credit score
  • Net worth to loan request ratio of .75+
  • Liquidity: 9 months of the P&I payment
  • 3 + years of CRE ownership

Eligible Property

  • In compliance with zoning
  • In good standing with all municipal codes
  • 90% occupancy in the past 90 days
  • 3+ months history of rent collection