Commercial Loan Options
CMBS
Commercial Mortgage-Backed Securities or Conduit Loans are loans secured by real estate that are later packaged with similar loans into bonds where they are sold on the secondary market. These loans tend to allow for a higher leverage and competitive rates.
- All asset types
- $2MM and up
- Acquisition, refinance, and recapitalization
- Up to 80% LTV in top markets
- Up to 30 year amortization
- Non-recourse with standard carve-out
Conventional Commercial Loans
Conventional commercial loans, unlike, CMBS, are portfolio loans. They are held and serviced by the initial lender. These loans tend to be more flexible with terms, but slightly lower on leverage.
- All asset types
- $250K to $45MM
- Acquisition and refinance.
- Up to 75% LTV
- Up to 30 year amortization
- Generally full recourse
Construction Loans
Short-term (usually 1 to 3 years) real estate financing secured by a mortgage on the property being financed. This loan is meant to cover the cost of land development and building construction, and is disbursed as the construction progresses.
- All asset types
- $1MM and up
- Up to 70% LTC and 75% LTV
- Both recourse and non-recourse options.
