Loan Amount: $5,000,000 – $250,000,000


Loan Term: 5-10 Years


Amortization: Interest only of up to 10 years in select instances with amortization (if any) typically 30-Years


Minimum DSCR: 1.25x


Maximum LTV: Up to 80% of appraised value


Interest Rate: Competitive, typically swap-based pricing


Eligible Property Types: Multifamily, mobile home park, office, retail, industrial, hotel, self-storage, garage, and other similar property types


Eligible Markets: All U.S. markets


Eligible Borrower: Special-purpose entity required


Reserves: Tax, Insurance, Retenanting Costs and Replacement Reserves typically required


Recourse: Permitted after a typical lock-out period, subject to defeasance.


Yield Maintenance: available at premium pricing.

Prepayment: Monthly deposits required


Assumability: Permitted subject to lender approval and an assumption fee


Security: First-lien mortgage


Processing Fee & Expense: Deposit Typically, $15,000-$20,000

processing fee. Expense deposit adequate to cover third-party reports, legal fees and other customary costs.


Origination Fee: generally one


In-place Subordinate Debt If provided by affiliate and structured in accordance with CMBS standards.


Future Subordinate Debt May be allowed in accordance with CMBS standards.

CMBS

CMBS

(Commercial Mortgage Back Securities)

Capital Palm Partners, Inc.

8546 Palm Parkway, Ste 240,  Orlando, FL 32836

T:) 407-278-1466  |  Email: corporate@capitalpalm.com​​ 

Copyright 2018 Capital Palm Partners, Inc. All rights reserved.

Tel: 1-407-278-1466​