CMBS/Conduit Loans

Commercial Mortgage Backed Security (CMBS) loans are a great financing option for borrowers in the commercial real estate market. CMBS loans are non-recourse, come with low interest rates and have no restrictions on cash-out refinancing.

We offer a very robust CMBS lending platform in addition to our other permanent financing solutions. We focus on both fixed and floating rate options starting at amounts as low as $1 million. Loan durations can be 5, 7 or 10 years, with standard loan-to-value levels of 75%. In some instances, we offer loan-to-value levels as high as 85% so our clients can cash out and use the proceeds for whatever they wish. Best of all, these loans are all non-recourse.

CMBS/CONDUIT LOAN TERMS

LOAN AMOUNTS: Minimum $2 million
LOAN RATES: 4.5-6.0% (risk based pricing)
LOAN TERMS: 5, 7, 10 years
AMORTIZATION: 25 or 30 years
MAX LOAN-TO-VALUE: 75% of appraised value or purchase price
85% if used in combination with mezzanine debt
MINIMUM DSCR: 1.00-1.25X debt service coverage ratio
DEBT YIELD: 7.5-11.0%
RECOURSE: Non-recourse