Permanent Fixed Rate

$2M - $30M
5-20 Year Terms
Up to 30 Years Amortization
Selective Large Loans and Portfolio Loans $30M+

Rate lock at application Forward commitments
Earnouts, holdbacks, interest only periods Guarantees / credit enhancements
Yield maintenance / structured pre-payment options Non-recourse except for standard industry carve outs

Min DSC 1.25

Max LTV 75%; higher for multifamily and industrial on a selective basis
Asset Quality: A, B+
Primary markets

 

Pre-stabilized or stabilized apartments

Multi-tenant bulk distribution
Lower leverage infill grocer / drug anchored retail

Small or unstabilized hotels

Pre-stabilized office or retail
Unanchored retail
Single tenant below investment grade properties
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