CMBS LOANS
Alliance Business Capital offers CMBS Loans as a Commercial Loan Broker. CMBS Loans start at $3MM.
CMBS General Criteria
| Property Types: Stabilized and near stabilized: | Multifamily, Industrial, Office, Retail, Self-Storage, Manufactured Housing and Limited Hospitality (flagged) |
| Markets: | Nationwide |
| Fixed Rates: | Attractive Rates |
| Loan Size: | $2 Million to $100 Million with exceptions for larger loans on a case-by-case basis |
| Loan Purpose: | Acquisition, Refinance, and Recapitalization |
| Terms: | 5,7, and 10 years |
| Leverage: | Up to 80% LTV depending on property type / location |
| Recourse: | Typically Non-Recourse with standard carve-outs |
| Prepayment Penalty: | Yield Maintenance or Defeasance |
| Minimum DSCR: | Multifamily: 1.20x Commercial: 1.25x |
| Minimum Debt Yield: | Multifamily: 6.5% Commercial: 7.5% |
| Interest Only: | Full term and partial interest considered on a case-by-case basis |
| Amortization: | 25-30 years |
| Origination Fee: | Alliance: 1% Lender: 0 |
| Borrower: | Single purpose entity required |
| Reserves: | TI/LC; CapEx as applicable |
Questions
If you have questions about a CMBS Loan, please do not hesitate to contact us.