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Capital Markets Loans |
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| Request a Quote Today! |
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| Provide some basic information
about the property and commercial financing you’re
seeking and we will provide a no cost no obligation
quote. |
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Security and privacy protected
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No social security number required
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No credit inquiry
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No cost or obligation
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| Why Choose Capital Assets,Inc |
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| Capital Assets,Inc's Capital Markets Conduit Lending Group has the
experience and capital markets relationships necessary to
properly structure your commercial real estate loan to ensure
successful execution at the lowest fixed rates and costs in the
market. |
- No point options
- No up-front fees
- No securitization fees
- No investment bank fees
- Low commitment deposits
- In-house processing
- Interest only payment option
- Non-recourse
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| Multifamily Loan for Life™ |
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| With fixed
interest rates up to 30 years, Capital Assets,Inc's
Multifamily Loan for Life eliminates interest rate risk
preserving the integrity of your investment. |
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Fixed rates up to 30 years
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No balloon payments
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No interest rate resets / adjustments
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Non-recourse
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Home >
Commercial Loan Center Refinance or Purchase |
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Conduit Mobile Home Park Loan Program Overview
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Capital Assets,Inc offers low fixed rate
permanent financing for mobile home parks and manufactured
housing communities located in average to above-average
locations nationwide.
Conduit loans for mobile home parks are available with fixed interest rates starting at 180 bps above the
comparable “on the run” Treasury rates, leverage up to 80%, and
longer term amortizations. Capital Assets,Inc’s conduit mobile home park
loan program is among the most competitive mobile home park
financing programs in the nation.
Borrowers with mobile home park loan sizes under $2 million,
sites with less than 50 pads, or prefer a non-conduit product,
Capital Assets,Inc provides mobile home park loans under its
Banc-Series?
apartment loan program. The Banc-Series? mobile home park
program offers comparable interest rates with lower loan costs
and 30 year, non-balloon terms.
In addition to the conduit loan option for manufactured
housing communities, Capital Assets,Inc offers the
Fannie Mae
Manufactured Community Housing Loan product for properties
with a minimum of 50 sites.
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Conduit Apartment Loan Program Guidelines
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Eligible Properties |
Average to
above-average mobile home park and manufactured housing
properties with a minimum of 50 pads or sites. Maximum
of 10% Recreational Vehicle use. 90% or
greater tenant owned homes. |
Loan Size |
$2 million minimum with no maximum. |
Pricing |
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Tiered pricing based on LTV
and DSCR.
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Industry low spreads above the
respective SWAP.
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Loan Terms |
5-10 year fixed terms with 25-30 year
amortizations. |
Programs |
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5, 7,
and 10 year fixed rate terms (balloon at end of
fixed term).
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25 and 30 year amortizations.
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Prepayment |
Defeasance or yield maintenance. |
Personal Guarantee |
Non-recourse subject to standard
carveouts. Loans are assumable. |
Minimum DSCR |
1.25 – 1.35. |
Fees |
$15,500 – $30,500, due upon acceptance
of LOI. |
Loan-To-Value |
75% – 80%. |
Occupancy Requirements |
90% stabilized properties, 12 month
trailing cash flow must support minimum DSC
requirements. |
Third Party Reports |
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Appraisal.
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Phase One Environmental.
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Property Inspection.
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ALTA Land Survey.
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Preliminary Submission Package for a
Conduit Apartment Loan |
Include the following in your request
for a conduit apartment loan quote:
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Property description and location map.
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Representative color photographs.
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Current rent roll and year-to-date operating statement.
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Operating history – prior 2 years, if available.
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Current year operating budget.
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Existing debt and cost basis.
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Sponsor resume.
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Conduit apartment loan program
underwriting guidelines are provided for
informational purposes only and do not
constitute, or should not be interpreted, to
be an offer to make a loan, a loan approval,
or any other language that implies that by
meeting these basic requirements Capital Assets,Inc
will provide borrower with a loan under
these terms. |
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