​Loan Amount

$2,500,000 minimum, no maximum

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Liability & Assumability

Non-recourse; With consent of Lender and payment of 1% transfer fee

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Available Loan Terms

5, 7, 10, 15, 18, 20 or 30 years

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Maximum Amortization

30 years

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Pricing

Rates change daily. Call for current pricing

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Pricing Categories

Tier II=1.25 MIN. DSC; 80% Combined Max. LTV
Tier III =1.35 MIN. DSC; 65% Combined Max. LTV

​Tier IV =1.55 MIN. DSC; 55% Combined Max. LTV

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Prepayment

Yield Maintenance or Alternative Defeasance. Other terms and conditions are available

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Reserves

Taxes and Insurance (may be waived for low leverage loans)
Replacement Reserves (may be waived for Tier III & IV loans)
 

​Application Deposit

$14,500 (includes costs for Appraisal, Environmental Assessment and Physical Needs Assessment)

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Legal Fee & Survey

Legal fee is $6,500 on most deals, barring anything unforeseen; Survey required (except for AZ, CA, NV, OR and WA)

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Origination Fee

Sliding scale depending on loan size.

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Commitment Fee

2% at Rate Lock (Refunded at Closing)

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Occupancy

Minimum of 85% physical and 80% economic for 90 days before closing

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Supplemental Mortgages

Available (beginning 12 months after loan closing)

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Extended Rate Lock

Available