Long Term Commercial Loan
CMBS Large Commercial Long Term
Program #LG58
CMBS Large Commercial Long Term
Program #LG58
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
