Matrix Real Estate Resources : Commercial real estate loan news by keyword

(2) The second program has a maximum of 80% LTV for an office buildings. This CMBS program allows mortgage size ranges from $100,000 to $5,000,000. The maximum LTV is 80% for retail. 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 155-275 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 1.30 for retail. Prepayment penalties do apply during the fixed rate period. Low Balance -Lower Loan Rates