Long Term Commercial Loan
CMBS Large Commercial Long Term
Program #LG58
CMBS Large Commercial Long Term
Program #LG58
![Ready Capital](https://lendding.com/wp-content/uploads/2024/09/2087398000013283024_accounts_photo-150x144.png)
Summary of all Guidelines | |
Loan Types | Commercial Loan |
Property Types | Multi Family |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $2,000,000 |
Loan amount Maximum | $45,000,000 |
Terms | 5 year, 7 year, 10 year |
Recourse | Recourse and Non Recourse available |
Reserve Requirement | 3 months |
General Pricing or Guideline info | PRODUCT OVERVIEW [] Non-recourse with standard carve-outs [] Yield maintenance or defeasance [] Minimum Debt Service Coverage for Multifamily: 1.20x [] Minimum Debt Service Coverage for : Commercial: 1.30x, [] Minimum Debt Yield for Multifamily: 7% [] Minimum Debt Yield for Commercial: 9% to 12% [] Full term and partial interest-only considered on a case-by-case basis [] Amortization 25-30 years [] Origination fee at par [] Single purpose entity required TI/LC and Capital Expenditure reserves structured on a deal-by-deal basis [] Springing or in-place lockbox/cash management |
Updated as of | 2022-12-29 |
PRODUCT OVERVIEW
[] Non-recourse with standard carve-outs
[] Yield maintenance or defeasance
[] Minimum Debt Service Coverage for Multifamily: 1.20x
[] Minimum Debt Service Coverage for : Commercial: 1.30x,
[] Minimum Debt Yield for Multifamily: 7%
[] Minimum Debt Yield for Commercial: 9% to 12%
[] Full term and partial interest-only considered on a case-by-case basis
[] Amortization 25-30 years
[] Origination fee at par
[] Single purpose entity required
TI/LC and Capital Expenditure reserves structured on a deal-by-deal basis
[] Springing or in-place lockbox/cash management
- Lisa Cappelletti
Executive Director, Commercial Real Estate