Long term financing for stable cash flowing properties
Property Location
Nationwide
Property Type
Existing Office, Retail, Industrial, Multi-Family, Hospitality, Self-Storage, Mobile Home Parks
Loan Amount
$2.0 million+
Term
5, 7, 10 years (15-20 year terms available selectively)
LTV
Up to 75%
LTC
Up to 80%
Rate Type
Fixed
Interest Only
Available
Rate Index
SWAP, Treasury or FHLB
Spread
Varies - Call for current Quote
Rate Lock
At closing (typical), Forward Rate Locks available
Amortization
Up to 30 yrs
Prepayment
Yield Maintenance, Defeasance, Fixed Step Down
Recourse
Non-Recourse w/ standard carveouts
Lender Points
Life Co, Agency, CMBS - Par, Banks - Varies (0-75 basis points)
Servicing
Banks & Life Cos - In-house, CMBS - 3rd Party
EagleBridge Fee
1% (Typical)
Reserves
Banks & Life Cos - Typically no reserves for TI/LC's, CMBS - Required for TI/LC, Capex