Negotiated financing for single-asset
or pool transactions - refinance, acquisition and moderate rehabilitation
of large loans or a portfolio of loans for garden, mid-rise and
high-rise apartments, cooperative properties, seniors housing and
assisted living properties.
More Information
Financing Options
Fixed rate and variable rate mortgages
(including <link>Fannie Mae DMBS<link to DMBS description>)
Interest only balloon and fully amortizing
mortgages
Bond credit enhancements
Revolving lines of credit
Structure
Loan
Amount
minimum
$50 million
Loan
to Value
maximum
75%, higher may be acceptable with additional credit support
Debt
Service Coverage
minimum
1.25x, lower may be acceptable with additional credit support
Loan
Terms
5 to 30
years
Amortization
maximum
30 years, interest only option available
Recourse
nonrecourse
except for standard carveout provisions
Optional Features
Subordinate
Financing
additional mortgage may
be allowed upon approval
Assumability
unlimited
assumptions allowed during life of loan
Prepayment
yield maintenance - other
structures may also be available