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Ready Capital

Long Term Commercial Loan
CMBS Large Commercial Long Term - LG58

Ready Capital

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

These descriptions are limited information and meant for general reference purposes.