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Capital Markets Loans |
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about the property and commercial financing you’re
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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 |
Capital Assets,Inc Capital Markets Conduit Lending Group
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With secondary market commercial real estate
mortgage experience spanning over two
decades, 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.
Through its Capital Markets platform, Capital Assets,Inc
provides commercial mortgages for commercial real estate
properties located in primary, secondary and tertiary markets in
all 50 states.
With a focus on originating small and
mid-balance debt ($2MM - $50MM), Capital Assets,Inc provides access to the
capital and secondary markets to borrowers without an investment
banking relationship, or that may have been passed over by the
larger conduits or investment banks due to loan size, breadth of
portfolio or financial capacity.
- Certainty of rate, term, cost and execution.
- Experienced, knowledgeable commercial mortgage banking
team.
- Capital sources include, commercial and investment
banks, insurance companies, pension funds, REITs and other
commercial real estate institutional investors.
- Primary, secondary and tertiary markets. Single and
multi asset owner eligibility.
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Property Types
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Through its Capital Markets
platform, Capital Assets,Inc provides commercial real estate debt
and equity for most income producing asset classes
across all levels of the capital stack.
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Multifamily
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Healthcare
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Affordable Housing
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Mobile Home
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Hotel
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Office
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Retail
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Industrial
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Medical
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Self Storage
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Capital Relationships
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Capital Assets,Inc provides its borrowers
unmatched access to the capital and secondary markets
through a mix of long standing relationships with the most
aggressive, stable and well capitalized institutional
investors.
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Conduit Lenders (CMBS)
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Investment Banks
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Commercial Banks
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Insurance Companies
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REITs
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Agencies
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Private Equity
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Pension Funds
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CMBS Conduit Loan Program Overview
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| Capital Assets,Inc's CMBS
(Commercial Mortgage Backed Securities) Conduit Loan
program provides low permanent fixed rate commercial
real estate loans for the acquisition or refinance of
stabilized, income producing commercial real estate
properties located in most market sectors, including
small and medium markets for commercial mortgages up to
$50 million.
Conduit loans offer borrowers low fixed rate
commercial financing. Interest rates are based on the
comparable "on the run" Treasury rates plus a spread.
Spreads vary among asset class, location, loan size,
overall credit risk and secondary market investor risk
premiums. Conduit loans are non-recourse with no
personal guarantees required, except for standard
carveouts for borrower fraud and other illegal behaviors
(commonly referred to as bad boy behaviors).
Conduit Loan General
Terms
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$2 million minimum loan size
- Up to 80% LTV
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Fixed rate terms up to 10 years
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DSCR and debt yield minimum requirements
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25 and 30 year amortizations
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Interest only payment options
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Non-recourse (no personal guarantee)
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Defeasance or yield maintenance prepay
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Up to 30 year amortizations
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Mezzanine financing available
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Mezzanine Financing
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Capital Assets,Inc provides mezzanine
financing for commercial real estate for the
acquisition, refinance or repositioning of qualified
assets and sponsors in primary and major secondary
markets.
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Up to 90% leverage
- Term coterminous with senior loan
- Non-recourse
- Typically interest only
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Bridge Loans
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Short term or bridge
apartment loans are available for the renovation or
repositioning of multifamily properties. Program can
also be used for stabilized properties requiring a quick
close or waiting for a permanent close.
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$5 million minimum
- Strong experienced sponsorship req.
- Up to 80% loan-to-cost
- Floating rate over LIBOR
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Contact a Capital Assets,Inc Capital Markets mortgage
banker to learn more about mezzanine debt. |
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Conduit Loans - What You Need To Know
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What is a conduit
Loan? A conduit
loan - also known as
a CMBS loan (Commercial Mortgage Backed Security) - is a
type of commercial mortgage that is packaged into a pool
with other similar type commercial loans and securitized
and sold in the secondary market to institutional
investors... learn more.
Are conduit loans non-recourse?
Yes. Conduit loans require no personal guarantees.
However, the key principals of the borrowing entity will
be required to personally guarantee the
exceptions to
non-recourse (standard carveouts).
Since a conduit loan
is non-recourse, do I still need to be qualified
personally?
Yes. The key principals of the borrowing entity need
to meet minimum credit and financial capacity
requirements.
What is
defeasance?
Defeasance is technically not a prepayment penalty.
It refers to a process where there is a substitution of
collateral (U.S. government securities) that is
sufficient to make all of the remaining loan payments.
The securities are pledged to the lender and the lender
releases the lien on the property.
What is yield
maintenance?
Yield maintenance is a type of prepayment premium or
penalty which allows the lender to earn their original
yield (interest payments) without suffering any loss
should the loan be prepaid prior to the end of the term
of the loan. To calculate a yield maintenance premium,
take the present value of remaining loan payments
multiplied by the difference between the loan interest
rate and the rate on a Treasury note of the same
duration, or use our
yield
maintenance calculator.
What does CMBS
stand for? CMBS stands for
Commercial Mortgage Backed Security. Conduit loans are
pooled and securitized with the underlying mortgages
serving as collateral for the mortgage backed
securities. |
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