|
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| Property Types: |
Self Storage |
| Loan Amounts: |
$5MM & Up |
| Terms: |
5- 10 Years |
| Amortization: |
15-30 Years |
| Minimum DSCR: |
1.35X |
| Interest Only: |
1-3 yrs (Subject to asset quality) |
| Maximum LTV: |
75% |
| Recourse: |
Non-Recourse |
| Rate Benchmark: |
US TSY/ Swap rates |
| Margin: |
200bps and up |
| Forward Rate Lock: |
Up to 12 months |
| Geographic Location: |
Nationwide |
| Prepayment Penalty: |
YTM or Defeasance |
| Closing: |
Borrowing Entity - Single Purpose Entity
Escrows- Required for Taxes and Insurance |
| Third Party Reports: |
PCA- Property Condition Report
Phase I - Environmental Survey
MAI Appraisal |
| Application Fee: |
None |
| Funding: |
45 days from complete due diligence package | |
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