Alternative Commercial Real Estate Loan
The Alternative Commercial Real Estate Loan offers permanent financing for stabilized and stabilizing properties nationwide. Stabilizing properties must meet minimum debt yields through strong cashflow, vacancy with signed leases or an imminent occupancy. A long-term fixed rate bridge-to-permanent loan is available for situations requiring this. This a great CMBS loan alternative offering more flexibility with the ability to match product terms to borrower and property goals. With so much flexibility, this is a viable alternative to a CMBS or traditional bank loan.
Contact me to discuss your scenario or for additional information.
CMBS loan alternative
Flexibility to match product terms to borrower and property goals
Future Funding Available: Capex, Earn-outs, TI/LC and Short Term Interest Reserves
Stabilized and stabilizing properties subject to minimum debt yields
Single Asset or Portfolio Loan
$1 million - $25 million+
LTV: up to 80%
Rate: Fixed, Hybrid and Interest Only Options
Interest: from 4.75%*
Fixed Term: up to 10 years
Loan Term: up to 10 years
Amort: 15, 20, 25, 30 & Interest-Only Options
DSCR: 1.20x minimum (lower case-by-case)
Flexible Prepayment Options
Single-Tenant NNN Property
And select other property types
*Pricing based on: Property Type, Loan Term, Loan-to-Value, DSCR and Quality of Sponsorship.