Loans $2,000,000+
5/30 4.91% non recourse
7/30 5.32% non recourse
10/30 5.49% non recourse
70-80% LTV, cashout okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with the assumption this avoids the prepay penalty)
Subtract ~20 bps for less than 65% LTV and 1.35+ DCR
Loans ~$750,000* to $2,000,000+
5/30 5.19% recourse
7/30 5.55% recourse
10/30 5.73% recourse
70-80% LTV, cashout okay, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with the assumption this avoids the prepay penalty)
For loans less than 65% LTV and 1.35+ DCR – subtract ~20 bps and non-recourse may be available
*For loans under $1,000,000 there may be an add-on of about 20 bps
Loans $500,000 to $2,000,000
3/30 6.25% recourse, low cost, soft prepay
5/30 6.75% recourse, low cost, soft prepay
We also have other options for low leverage loans, loans that don’t restrict secondary financing, no prepay, etc.
Terrix Financial just closed a $5,500,000 apartment loan yesterday.