Regional Bank Lending Up to 80% LTV in Southern California
February 16, 201212 – 21 – 11
Regional Bank Lending Up to 80% LTV in Southern California A Southern California Regional Bank is funding multifamily debt to 80% LTV. Retail, office, industrial, and special use properties are leveraged to 70% – 75% of value. This Lender will consider underperforming assets with a below break-even debt coverage for an experienced operator. Pricing starts at P+1% with a 5.25% floor; fixed-rate financing is currently unavailable. Typical structures contain a 5-year term and a 25-year amortization schedule. Loans above $15,000,000 will be considered on a situational basis.
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