Commercial Mortgage Rate Property Types: | Industrial Loan, Warehouse Loan, Manufacturing, Light Industrial | Geographic Preference: | United States | Commercial Loan Amount: | $3 million minimum - $50 million maximum | Commercial Loan Term: | 5-10 years | | | Commercial Mortgage Rates: | Fixed, as low as 10 year treasury plus 110 | Commercial Lending Features: | Assumption with approval
Non-recourse
No rent restrictions
No limitation on owner's return | Commercial Loan Requirements: | Appraisal to support the project occupancy and rents; Tax, Insurance, and Replacement Reserve Escrows | Commercial Loan Fees: | Borrower pays all application, inspection, underwriting, and third party costs |
Industrial and Warehouse Morgages Matrix Mortgage provides four industrial morgage programs, some as a direct lender and some as a correspondent. (1) The first program has a maximum of 90% LTV for a wide variety of property types. The loan size range is $200,000 - $10 million. This program lends nationwide and has a minimum FICO score of 625. The interest rates in this program are higher than in the other programs. The property types included in this program include manufacturing facility. warehouse and industrial.. High Leverage Loans and SBA |
(2) The second program has a maximum of 80% LTV for an apartment loan and a mixed-use loan. The mortgage size ranges from $100,000 to $3,000,000. The maximum LTV is 75% for retail, industrial and office. This program lends nationwide and has a minimum FICO score requirement of 600. Fixed rate mortgages are available for 5-7-10 year periods at 255-275 basis points over the corresponding treasury. The amortization for each loan is 30 years. These loans are recourse for loans below $1 million and partial recourse for loans from $1 million to $3 million. The minimum debt-service-coverage-ratio is 1.20 for apartments and mixed-use and 1.30 for retail, office, and industrial. Prepayment penalties do apply during the fixed rate period. Low Balance -Lower Loan Rates (3) The third program has a maximum of 90% LTV for loans on Class A multifamily and anchored and shadow anchored retail properties (normally loans exceeding $6 million) and 80% for all others. The loan size range for this program is $3 million to $70 million. The property types included in this program are apartment loans, anchored retail, unanchored retail, full service hotels. limited service hotels, self-storage, industrial-warehouse and parking lots. Ten year fixed interest rates are available on 70% LTV mortgages at 100-150 basis points over the ten year treasury for apartments, retail, office and industrial. Hospitality properties are 240 to 275 basis for 70% LTV. These loans are non-recourse. Acquisition and refinance loans $3 million to $5 million -Lowest Rates (4) The fourth program has a maximum of 80% LTV on loans for multifamily, retail, office, industrial and hospitality. Mortgage sizes range from $5 million to $100 million plus in certain circumstances. This program lends in the United States and Europe. Ten year fixed interest rate loans are as low as 100 basis points over the ten year treasury. In addition to the submission form provided at the link which follows, color pictures, rent roll, and YTD NOI and last years NOI are required by email - . - to begin the preliminary underwriting. Commercial Lender $5 million and up - Lowest Rates Contact Information including phone, fax, street address, city, state, zip and our email address for the Morgage Broker |
|
>