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Commercial Mortgage Loans |
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| Why Choose Capital Assets,Inc |
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| Capital Assets,Inc has the knowledge,
expertise and strategic relationships required to
provide you with the most competitive rates and terms
for your commercial property loan. |
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Multiple commercial financing options
- Competitive interest rates, terms and costs
- Knowledgeable and seasoned commercial mortgage
specialists
- Certainty of execution
- Convenient electronic loan process saves you
time and money
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| Request a Quote Today! |
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| Provide some basic information
about the property and commercial real estate 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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| Commercial Learning Center |
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Home >
Commercial Loan Center Refinance or Purchase |
Capital Assets,Inc Conduit Apartment Loan Program Overview
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Capital Assets,Inc offers low fixed rate
permanent financing for apartment, multifamily and manufactured
housing communities located in average to above-average
locations nationwide.
With fixed interest rates starting at industry low spreads above the
comparable “on the run” Treasury rates, leverage to 80%, and low
closing costs, Capital Assets,Inc’s conduit apartment loan program is among
the most competitive multifamily financing programs in the
nation. Higher quality
manufactured
housing community properties are eligible for conduit
financing under our CMBS Multifamily platform.
Visit the Apartment
Loan Center to learn more about all of our apartment loan
programs.
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Conduit Apartment Loan Program Guidelines
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Eligible Properties |
Conduit loans for apartment buildings
and multifamily housing properties with 5 plus units. |
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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Rate buy downs are available.
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Locations |
Nationwide. |
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 |
1.20 – 1.35. |
Fees |
$15,500 – $30,500, due upon acceptance
of LOI |
Loan-To-Value |
75% –
80% LTV
for purchases, rate and term refinance, and cash out
refinances depending on property quality. |
Rate Lock |
At commitment. |
Occupancy Requirements |
No less
than 90% for 90 days preceding closing. |
Title Requirements |
Title to
be ordered by lender at borrower’s cost. |
Appraisal Requirements |
Appraisal to
be ordered by lender at borrower’s cost, no
exceptions. |
Impounds |
Taxes,
insurance, tenant improvements, replacement reserves,
125% of cost for needed repairs. |
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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