DOWNEY
CAPITAL ADVISORS




Merchant Banking Capital Solutions
3941 Legacy Dr. Suite 204
Plano, TX 75023
PH: (214) 850-4590
CMBS LOANS
Eligible Locations
MSA's within the U.S. and its territories exhibiting strong economic and property- type specific fundamentals
Property Types
Stabilized property types including Office, Retail, Industrial, Multi-Family and Hotel. Self-Storage and Mobile Home Parks will be considered on a case-by-case basis
Loan Amount
$5,000,000 to $175,000,000
Loan Term
5, 7, and 10 year loan terms
Amortization
Typically 30 years (shorter terms may be required based on property type and use)
Loan To Value
Up to 75% of FIRREA appraised value
DSCR
Minimum 1.25x DSCR on underwritten net cash flow. Mezzanine debt will be permitted up to a 1.10x DSCR
Origination Fee
Par to 1.0% of loan value
Processing Fee & Expense Deposits
$5,000 Processing Fee (may vary depending on transaction) Expense Deposit sufficient to cover third party, legal and out-of-pocket expenses
Reserves
Tax, Insurance and Replacement Reserves required
Sponsor / Borrower
Creditworthy individual(s) or entity acceptable to Lender with sufficient liquidity and net worth
Borrowing Entity
Single asset or special purpose entity required depending on loan size
Recourse
Non-recourse, with the exception of industry standard “bad boy” carve outs
Assumability
Permitted subject to lender approval and an assumption fee
Prepayment
Defeasance with 2-year lockout and 90 day open period during the 90 days prior to scheduled maturity date. Yield Maintenance available on a case-by-case basis