Commercial loan parameters
Let us show how CWMC can provide you with the financing structure that you
need with the service that you deserve.
CWMC has excellent loan products and options available for owners and purchasers of commercial real estate. We arrange financing nationwide for single tenant and multi-tenant properties, including: office, retail, industrial, warehouse, self storage, healthcare, hospitality, mixed use and specialty use. Our company has multiple capital sources for these loans, including: national banks, regional and local banks, insurance companies, Wall Street conduit lenders, credit unions and Real Estate Investment Trusts. Whether you are purchasing or refinancing, we have the right solutions available. We will entertain loan requests of all sizes, beginning at $500,000.
•Rates start as low as 4.06% (as of 5/29/13)
•No upfront application fees
•Simplified application process
•Financing up to 75% LTV, up to 90% LTV with SBA
•Terms and amortizations up to 25 years
•Loans for purchase and refinance, including cash-out
Specific loan parameters
Amounts: $500,000 - $5,000,000
Fixed Rate Balloon Loans: 5- 10 year loan terms with up to 30 year amortization
Loan to Value up to: up to 80% Purchase or Refinance
Minimum Debt Service Coverage Ratio: 1.20x
Interest Rates: low spread over treasury rates - fixed lower spreads for lower loan to values and higher
debt service coverage
Financing Fee: 1%
Property Requirements: single tenant,
multi-tenant , office, retail, industrial, warehouse, self-storage,
healthcare, hospitality, mixed use and special use.
65-90 percent or better physical occupancy.
Eligible Borrower Structures: Corporation, Limited Liability Company, Limited Partnership, General Partnership, Trust, Co-Tenant, Individual. The Borrower is not required to be a single asset entity
Borrower / Key Principal Financial Eligibility: Generally, post-closing liquidity equal to or greater than nine (9) months of debt service and Aggregate Key Principal net worth equal to or greater than the subject loan amount
Borrower / Key Principal Real Estate Experience Requirements: Minimum of 3 years ownership with two
commercial properties or five years or more with the subject property. Borrowers need good track record, portfolio at least a few properties, good credit and a multi-year
history of operating apartments