Commercial Conduit – Conduit Lending Solutions
The CMBS market has clearly recovered in the conduit world and we provide ultra-competitive pricing. Actual reasonable underwriting practices are normal. Rental income is computed by using market rents. Interest-only is possible for low-leveraged (LTV) opportunities. LTV’s to 70-75% on most commercial properties. Single tenant properties are considered. Rates are based upon the Treasury, plus a spread. Requires very complicated understanding and not for the average property/investor.
Direct Money Lenders is well-established within the lending community. We have direct access to the Wall Street trading desks that offer the lowest commercial conduit mortgage loans. Our experience makes us your lending partner! You will gain confidence once you speak with one of our professional commercial loan officers today!
The target market for our commercial conduit product is from $3,000,000+
Conduit lending is only for “A” properties located in larger metro MSA’s in the lower 48 U.S.
Some reasons to consider a conduit loan: Becoming, once again, an attractive capital source for commercial mortgage lending, because the bonds backed by a pool of loans are generally worth more than the sum of the value of the whole loan. All are non-recourse with interest-only options for low LTV’s – High CLTV with mezzanine piece available to 80% – 85% – 5 – 20 year terms with 25 and 30-year amortizations. Commercial conduit loans provide low, permanent fixed-rate commercial financing.
Call us today – 800-838-1889 – Quality Conduit Property Types Considered – Commercial
Commercial Conduit Loans General Guidelines
| Eligible Properties | Most AAA rated commercial properties – Anchor Retail – Office – Warehouse – Hotel – Shopping Center – Industrial – Mobile Home Parks – Manufactured Housing Communities – Self Storage. |
| Minimum Loan Size | $1,000,000+ |
| Pricing | Tiered pricing based on LTV and DSCR |
| Loan Terms | 5 – 20 Fixed terms with 25 – 30 year amortization – Interest only payments an option |
| Prepayment | Declining PPP – Yield Maintenance |
| Personal Guarantees | Non-recourse with standard carve outs for grantor fraud or other bad behaviors |
| Minimum DSC | 1.25 – 1.45 |
| Loan-to-Value | 70 – 80% maximum – High leverage mezzanine financing to 80 – 85% |
| Occupancy Requirements | Stabilized properties only |
| Third Party Reports | CALL |
| Preliminary Submission Package For Mobile Home Park Financing: | Include the following in your request for a Conduit Commercial Mortgage quote: 1. Property description, address, & current debt structure – Well written summary 2. Representative color photographs – (6 – 7 preferred) 3. Operating statements – YTD & prior – (2 – 3 years preferred) 4. Current rent rolls & leases 5. Sponsor’s resume |
