| New Bank Program Funding Nationwide Loans for "Tier 1" Investors This lender will consider Perms and some Construction. This bank has a clean balance sheet, no legacy issues. Focus is on good borrowers in primary and secondary markets. Lender will consider "some" non-recourse, but most loans will be recourse. Lender underwrites to a 10.5% debt yield, which is fairly aggressive in today's environment. Will consider single tenant with long lease term. |
| Transaction Size: Up to $7,000,000 |
| Rate: 6.5% |
| Loan Term: 3-5 years |
| Amort: 25 years |
| Max LTV: 60-65% |
| Max LTC: 50% |
| Min DCR: 10.5% debt yield |
| Recourse Negotiable |
| Property Types: Office, Industrial, some Retail |
| Fees: 1.0% |
| Geography: Nationwide |
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