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.
(Commercial Mortgage Back Securities)
Capital Palm Partners, Inc.
8546 Palm Parkway, Ste 240, Orlando, FL 32836
T:) 407-278-1466 | Email: firstname.lastname@example.org
Copyright 2018 Capital Palm Partners, Inc. All rights reserved.