ALT-CMBS Loans

cc: by: https://flic.kr/p/oSpBcn

 

ALT-CMBS Loans!

 

 

You may have heard of our Alt-A loan, the loan that is more flexible than conventional but MUCH better than private money. Well now, we have an Alt CMBS loans.  This loan, typically less than ¼% higher than a typical CMBS loan, offers the following MAJOR ENHANCEMENTS…..
-Flexible pre-pay penalties including declining pre-pay, customized declining points, and longer open periods…all far more amenable than Defeasance or Yield Maintenance

 

-Allows properties to have some vacancy with signed leases and imminent occupancy, allowing for some stabilizing….try THAT with traditional CMBS

 

-FUTURE FUNDING POSSIBLE including capital expenditures, earn outs, TI/LC Rollover and short-term interest reserves….

 

-FLEXIBLE RATE AND TERMS….like up to 15 year fixed rates! Or a 3 year step rate with a low starting teaser rate to allow for stabilization and borrower plan!

 

-Lower closing costs

 

-Ability to refinance during the fixed period with NO penalty-try THAT with traditional
 CMBS

 

-No kick-out or loan restructure risk post letter of interest…..

 

And so much more. The lender is the buyer of the subordinate debt so the loan is not openly sold and hence, provides all of this amazing flexibility.  The rate difference is MARGINAL. It costs nothing to give us a try-why not run your deal by us? I will underwrite and have you a quote typically within 24 hours.

 

Give me a call TODAY! Give me a CALL TODAY  at 512-650-8630 or  get started by completing the form.

 

 

 

 

Karen Schimpf
(512)-650-8630
karenschimpf at gmail.com

 

 

Give me a CALL TODAY  at 512-650-8630 or 512-354-4949 or get started by completing the form. 

 

 

 

 

by completing the form .

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>