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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 |
CMBS Conduit Warehouse Building Loan Program Overview
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Capital Assets,Inc provides conduit
loans for warehouse and
industrial properties for
single tenant and
multi-tenant properties in
strong and medium market
sectors.
Acceptable properties may
be used for manufacturing,
research and development,
storage, and assembly with
property quality grade of B
or better. Properties should
be located in industrial
park developments with good
access to major highways and
thoroughfares.
Capital Assets,Inc offers
non-conduit industrial
property loans and warehouse
loans through its
traditional commercial
mortgage program. For
industrial commercial loans
under $2 million, please
visit the
Small Balance Plus
program page for more
information. |
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CMBS Conduit Warehouse Loan Program Guidelines
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Eligible Properties |
Warehouse, light industrial, mixed, storage, packaging,
research, manufacturing, and other similarly
zoned property types. |
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Loan Size |
Minimum loan size $2,000,000.
Warehouse loan and industrial loan sizes
under $2,000,000 are available under the
small
balance commercial loan program. |
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Pricing |
Tiered
pricing based on LTV and DSCR. 180 BPS above comparable "on the run" Treasury rates.
Rate buy downs are available. |
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Locations |
Major markets preferred. Secondary and
tertiary markets considered on a deal by
deal basis assuming strong asset quality and
sponsorship. |
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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. |
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Personal Guarantee |
Non-recourse subject to standard
carveouts. |
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Minimum DSCR |
1.25-1.35. |
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Loan-to-Value |
Maximum of 80%. |
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Rate Lock |
At commitment. 30-day
forward lock available with U/W approval. |
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Occupancy Requirements |
Stabilized
properties where tenant mix should be of strong quality
as determined by stability of business and financial
condition. Prefer rent roll with staggered expirations.
Leases should be representative of the market. |
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NOI Analysis |
Three years of
operating statements are required with preference
towards triple net leases. Lease expiration should be
smooth with annual lease expirations in any given year
to not fall below a 1.0x DSCR. |
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Impounds |
Taxes,
insurance, tenant improvements, replacement reserves,
125% of cost for needed repairs. |
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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 warehouse and industrial 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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Conduit
loans for warehouse and industrial properties are
provided on commercial real estate property types located in
the Continental United States.
Minimum conduit warehouse loan
and
industrial
loan size is
$2,000,000. |
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