CMBS Mezzanine Fixed Rate Loans

Non-recourse, assumable subordinate financing for the acquisition or refinance

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Terms of 5 - 10 years

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Favorable Rates

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We help you qualify

CMBS Mezzanine Fixed Rate

 
Eligible Properties

Multifamily, retail, office, industrial, and self-storage properties

Loan Amount

$500K- $5M

LTV Maximum

75.0 - 85.0% of appraised value or purchase price depending on asset type

Loan Term

5 - 10 years

Coverage Minimum1.05x
AmortizationInterest-only or consistent with the senior mortgage loan
Third Party ReportsMAI Appraisal, Property Condition Report and Environmental Phase I Assessment are required; Seismic Reports are required for properties in Seismic Zones 3 and 4. Mezzanine loan will rely on senior mortgage loan Third Party Reports.
Prepayment Terms

Defeasance with a lockout period of 24 months from securitization. Cannot be prepaid before A Note

Origination Fee

3.0% to 4.0%

Cash Management

Standard mezzanine cash management

Timing

45 - 60 days from application to funding

Assumibility

Loan is assumable, subject to approval of proposed replacement borrower

Geographical FocusNationwide
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