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CORPORATE HEADQUARTERS | 10 West Broad Street, 8th Floor | Columbus, OH 43215 | 1.800.837.5100

CMBS LENDING PROGRAM

RED Capital Group offers Commercial Mortgage Backed Securities (CMBS) financing as part of a comprehensive lending solution. Building upon RED’s strong financial backing, our bankers and our servicing group can create highly competitive financing packages that directly address your property’s financial needs.

PRODUCT HIGHLIGHTS-NATIONWIDE

  • All property types: Multifamily, Retail, Office, Industrial, Self-Storage, Seniors Housing & Healthcare
  • Direct Lender
  • Highly competitive rates with maximum proceeds
  • Non-recourse & Assumable
  • Cash out available
  • IO available
  • Early rate lock available

GENERAL TERMS

  • BORROWER:

    A single-purpose, bankruptcy remote entity

  • RECOURSE:

    Non-recourse with standard carve-out provisions

  • LOAN AMOUNT:

    Greater than $1mm with no limits

  • LOAN PURPOSE:

    Acquisition or Refinance

  • TERM:

    10 years (will consider 5 & 7 years)

  • INTEREST RATE:

    FIXED – Spread over SWAP/Treasuries

  • INTEREST COMPUTED:

    Actual/360

  • AMORTIZATION:

    30 years maximum

  • MINIMUM DSCR:

    1.25x (contingent on property type)

  • MAXIMUM LTV:

    75% (contingent on property type)

  • MINIMUM DY:

    8% (contingent on property type)

  • RATE LOCK:

    Prior to closing – No Fee

  • SUBORDINATE DEBT:

    Generally not allowed

  • PREPAYMENT:

    Lockout: later of the 2nd anniversary of the sale and securitization of the Loan or the 3rd anniversary of the closing date; then, Defeasance; then, Open on the 3rd payment date prior to the maturity date of the Loan (Yield Maintenance considered as requested)

  • RESERVES:

    Real Estate Taxes and Insurance collected monthly

  • TI&LC RESERVE:

    Collected monthly as determined by Lender for all Commercial properties

  • REPAIR RESERVE:

    Generally, $250/Unit on Multifamily & $0.15/SF on Commercial properties

  • FF&E RESERVE:

    Hotels only – 4% of gross revenue

  • CASH MANAGEMENT:

    Required in some form

RED Capital Group is a wholly owned subsidiary of ORIX USA Corp.