Liquidity is making its way back to the commercial lending markets
Life insurance companies Terrix Financial represents are looking to lend more in 2010.
Conduit (CMBS) loans are available over $10,000,000.
Apartment Rates:
5.02% fixed for 5 years, 5.94% fixed for 10 years up to $3,000,000
4.80% fixed for 5 years, 5.72% fixed for 10 years above $3,000,000
Up to 80% LTV @ 1.25 DSCR
Lower Rates for Low LTV’s
30 Year Amortization
Yield Maintenance
Life Company Rates:
Loan Size $2,000,000 to $10,000,000
5.40% for 5 years fixed
6.10% for 10 years fixed
65% LTV
25 Year Amortization
Step Down Prepayment
Chris Bourgeois
Terrix Financial Corporation
Loan Originator
720-880-5133