National fixed rate pem lender funding stabilized core assets from $10,000,000 to $60,000,000 on a non-recourse basis. Structured similar to a CMBS loan, this on-book product is fixed for 10 years from 4.5% to 4.8% to 70% of appraised value – 75% for Class A multifamily rentals. Debt Yields must be 8.5% or greater but may provide a period of interest only prior to rolling into a 30 year amortization schedule for five or 10 year loan terms.
