7/27/2011
A national life insurance company is aggressively funding moderate leveraged Class A multifamily and commercial assets between $8,000,000 and $125,000,000 to 65% LTV. The multifamily loans are priced at T+140 fixed for 10 years. Commercial spreads are 25 bpts wider. All loans are rate locked at application, and offer 30 year amortization on a 30/360 basis. Forward commitments are available up to 12 months prior to funding. Lower leveraged transactions may qualify for 5 years of interest-only before amortizing over 30 years for the balance of the term.