Mortgage Lending Parameters
Property Types
Apartments, Office, Medical Office, Manufactured Housing, Student Housing, Retail, Warehouse, Industrial, Hospitality
Property Condition
Institutional quality; effective age of 15 years or less
Loan Size
$5 million to $75 million; 60% to 75% Loan-to-Value
Loan Term
5 to 20 years; amortization 20 to 30 years
Prepayment
Subject to yield maintenance
Interest Rate
Fixed rate, locked at application with payment of refundable commitment fee
Recourse
Non-recourse except for standard carve-outs and non-stabilized assets