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 |
Credit Tenant Lease Financing: Credit Tenant Leased (CTL) properties with BBB+ ratings or higher
• 12 month forward permanent with rate lock & construction loan
• Amortization schedules to match lease term, or hangout with Residual Value Insurance (RVI)
• LTV based upon DCR: 1.01 DCR for (NNN) or 1.05 DCR for (NN) for maximum financing
• 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 80% for real estate loans on income producing properties, subject to lender's loan underwriting
• Up to 100% for Investment Grade Rated BBB+ CTL properties
Debt Coverage: 1.25 to 1 on conventional properties and as low as 1.01 to 1.05 on Credit Tenant Leased (CTL) properties
Interest Rates: Priced at a spread over the Ten Year Bond Yield
Rate Calculations:
All interest rates are typically determined by lenders using a variety of base rates, such as LIBOR, prime rate or the 10 year Treasury rate by adding a spread to them. Most all lenders establish a floor rate, depending on their loan underwriting of the deal. Please call for a current rate quote.
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, except for Carve Outs. 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 Cost: |
Standard "Out of Pocket", Plus Appraisal, Environmental, and |
Please call for current quote on any transaction in process, "Letters of Intent" or Contract.