 | MINIMUM
LOAN:
$5,000,000.00 |
|
| LOAN
TERM:
5, 7 or 10 Years |
|
| AMORTIZATION:
Up to 30 Years |
|
| MINIMUM
DSCR:
1.20x to 1.25x |
|
| MAXIMUM
LTV:
Case by case basis |
|
| INTEREST
RATE:
Fixed or adjustable
rate options on an actual 360 basis |
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| ELIGIBLE
PROPERTY TYPES:
Retail, Office,
Industrial and Self Storage |
|
| TAX
AND INSURANCE ESCROWS:
Monthly Deposits Required |
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| REPLACEMENT
RESERVES:
Monthly Deposits
Required |
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| RECOURSE:
Case by Case. In
Some Cases
Non-Recourse With Standard
Exceptions For Fraud and
Misrepresentation |
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| REQUIRED
REPORTS:
MAI Appraisal,
Property Condition Assessment, Phase
I. Others if applicable |
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| PREPAYMENT:
No prepayment through
Year 4. Defeasance thereafter |
|
| ASSUMABLE:
Subject to Approval
and Fee |
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| SUBORDINATE
FINANCING:
Mezzanine allowed
subject to approval |
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| RATE
LOCK:
1 day prior to
closing. Early rate lock option
available |
|
| CLOSING
COSTS: Deposit
required for third party reports,
processing costs, title and legal.
Travel and other standard costs if
an when applicable |
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| ORIGINATION
FEE:
PAR to 3% (In
Addition to Closing Costs) |
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