Financing Services
Acquisition & Development Loans |
Construction & Permanent Loans |
Mini-Perm, Fixed or Variable Rates |
Multi-Family FHA, Fannie & Freddie |
Life Company & Com'l Bank Loans |
SBA & IDB Loans |
Structured Finance-Loan Programs |
Joint Venture & Equity Financing |
Loan Amount : $3 Million and up
Property Types:
. Office Buildings: |
Owner occupied, multi-tenanted or net leased |
. Retail Centers: |
Credit anchored and well located strip centers |
. Industrial Buildings: |
Owner occupied, multi-tenanted or net leased |
. Multi-Family: |
Conventional, FHA, Fannie & Freddie Loans |
. Mini-Storage: |
Branded |
. Mobile Home Parks: |
Adult oriented |
. Hotels/Motels: |
Flagged |
Financing For: Credit Tenant Leased (CTL) properties with BBB+ ratings or higher
. 12 month forward permanent with rate lock & constructions loan |
. Amortization schedules to match lease term, or hangout with RVI |
. LTV based upon DCR: 1.01 DCR for NNN or 1.05 DCR for NN |
. Non-recourse and assumable |
CMA also represents several institutions and individuals seeking acquisition, equity or joint venture opportunities. All cash and leveraged properties can be considered nationwide.
Term & Amort: 5/20; 10/20; 10/25; 10/30; 15/15; 20/20 (Most all combinations)
Loan to Value:
Up to 70% for real estate loans subject to loan underwriting |
Up to 98% for Investment Grade Rated BBB CTL properties |
Debt Coverage: 1.25 to 1 and lower on Credit Tenant Leased (CTL) properties
Interest Rates: Priced at a spread over the Ten Year Bond Yield
Examples:
3.50% |
3.50% |
3.50% |
|
Treasury Rate |
3.75% |
4.00% |
4.50% |
|
Plus Spread |
7.25% |
7.50% |
8.00% |
|
Fixed Interest Rate |
NOTE: INTEREST RATE WILL VARY DEPENDING ON 10-YEAR BOND YIELD, SPREAD
AND THE LENDER'S FLOOR RATE
Prepayment: |
Yield Maintenance, Defeasance or Fixed |
Recourse: |
Typically none. Varies according to the transaction |
Lender's Fee: |
Typically none, except for an inspection fee |
Origination Fee: |
Typically 1%. Varies according to loan size |
Closing Costs : |
Standard "Out of Pocket", Plus Appraisal, Environmental,
and Property Inspection Fees. |
Please call for current quote on any transaction in process,
"Letters of Intent" or Contract.
Click here for a printable/downloadable version of our Loan Profiles
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