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 | MINIMUM LOAN:
$2,000,000.00 |
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| LOAN TERM:
3, 5, 7 or 10 Years |
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| AMORTIZATION: Up to 30
Years. |
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| MINIMUM DSCR:
1.20x |
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| MAXIMUM LTV:
80%. |
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| INTEREST RATE:
Fixed or adjustable rate options on an actual 360
basis. |
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| ELIGIBLE PROPERTY TYPES:
Multifamily, Retail, Office, Industrial, Self
Storage, Hotel/Hospitality. |
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| ELIGIBLE BORROWER:
Single Asset Entity. |
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| TAX AND INSURANCE ESCROWS:
Monthly Deposits Required. |
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| REPLACEMENT RESERVES:
Monthly Deposits Required. |
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| RECOURSE: In Most Cases Non-Recourse With Standard
Exceptions For Fraud and Misrepresentation. |
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| REQUIRED REPORTS:
MAI
Appraisal, Property Condition Assessment, Phase I. Others if applicable. |
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| PREPAYMENT:
Limited prepayability, including partial lockouts,
defeasance or yield maintenance. |
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| ASSUMABLE: Subject to Approval and
Fee. |
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| SUBORDINATE FINANCING:
Mezzanine allowed subject to approval. |
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RATE LOCK: 1 day
prior to closing. Early rate lock option available. |
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| CLOSING COSTS:
Deposit required for third party reports, processing
costs, title and legal.
Travel and other standard costs if an when applicable. |
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| ORIGINATION FEE: Minimum
2%. (In Addition to Closing Costs). |
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| CLOSING
DEPOSIT: 1% due at
commitment acceptance - Applied to Origination Fee post closing, less
legal and related costs. |
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| Above terms and conditions are subject to
change at any time without prior notice. Other terms and conditions apply.
If you have any questions, please don't hesitate to
contact us. Thank you. |
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