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

HYBRID ARM


20 Year Term Program 5 + 15 7 + 13 10 + 10
Fixed Term 5 years 7 years 10 years
Floating Term 15 years 13 years 10 years
Amortization 30 years 30 years 30 years
Prepay–Fixed Period 5, 4, 3, 2, 1 5, 5, 4, 4, 3, 2, 1 5, 5, 4, 4, 3, 3, 2, 2, 1, 1
Prepay–Floating Period3 1% 1% 1%
KTV/DSCR (Top Markets) 80/1.20x 80/1.20x 80/1.20x
IO Period (Years)5 1 2 3
Rate at PAR1
Top Markets 3.56%–3.80% 4.11%–4.35% 4.41%–4.65%
Standard Markets 4.61%–4.85% 4.61%–4.85% 4.61%–4.85%
Yield Maintenance -15 bps -20 bps -20 bps
Graduated Alternative 3, 2, 1, 1 3, 3, 2, 2, 1, 1, 1 3, 3, 3, 2, 2, 2, 1, 1, 1, 1
+15 bps +15 bps +15 bps
Alternative Prepay4 3, 1, 0, 0 N/A N/A
+20 bps
Settlement to 120 Days +8 bps +8 bps +8 bps
Full Term IO2 +15 bps +20 bps +30 bps

HYBRID ARM NOTES:

  • Rate reset every 6 months based on 6 month LIBOR (amortization recalculated)
  • CAP Structure: Max 1% change at each reset. 5% Max lifetime change
  • Floating coupon is 6 month LIBOR + 275 bps and +325 on 5 year. Fixed rate is floor for coupon

LOAN SIZE: $1MM-$6MM

  • Open prepayment period of 3 months.
  • 80% LTV in Top Markets (1.20 DSCR) and Standard markets (1.25 DSCR).
  • Indications assume Actual/360 interest calculation.
  • Application Fees: $4,500 (Top Markets) / $8,500 (Standard Markets).
  • New Affordability Discounts available, ranging from 10 bps–30 bps. Please contact your originator for information regarding property eligibility.

ADDITIONAL LOAN SIZE AVAILABLE: $6MM-$7.5MM

(subject to requirements below)

  • Top & Standard Markets Only.
  • 75 units or less: Minimum DSCR of 1.25x.
  • Full Appraisal, Zoning & Survey reports required.
  • Single Asset Entity (SAE) Borrower required.

FIXED


Term / Amortization 5/30 7/30 10/30
Prepay–Fixed Period 5, 4, 3, 2, 1 5, 5, 4, 4, 3, 2, 1 5, 5, 4, 4, 3, 3, 2, 2, 1, 1
LTV/DSCR (Top Markets) 80/1.20x 80/1.20x 80/1.20x
Rate at PAR1
Top Markets 3.66%–3.90% 4.16%–4.40% 4.36%–4.60%
Standard Markets 4.51%–4.75% 4.56%–4.80% 4.56%–4.80%
IO Period (Years)5 1 2 3
Yield Maintenance -15 bps -20 bps -20 bps
Graduated Alternative 3, 2, 1, 1, 1 3, 3, 2, 2, 1, 1, 1 3, 3, 3, 2, 2, 2, 1, 1, 1, 1
+15 bps +15 bps +15 bps
Alternative Prepay4 3, 1, 0, 0, 0 N/A N/A
+20 bps
Settlement to 120 Days +8bps +8bps +8bps
Full Term IO2 +15bps +20bps +30bps

TOP MARKETS*: @120xDSCR, *please contact originator for full list by County. New York City / New Jersey metropolitan, Boston, Washington DC, Chicago, Los Angeles, San Diego, Orange County, San Francisco, San Jose, Oakland, Minneapolis, Portland, Seattle, Miami, Denver


STANDARD MARKETS*: @125x DSCR, *please contact originator for full list by County. Baltimore, Sacramento, Salt Lake City, Phoenix, Atlanta, Dallas/Ft. Worth, St. Louis, Indianapolis, Cincinnati, Albany, Bakersfield, Birmingham, Dayton, Hartford, Jacksonville, Knoxville, Louisville, Providence, Raleigh, Rochester, Richmond, Riverside, Tuscon, Honolulu, Norfolk, Kansas City, Las Vegas, Philadelphia, Charlotte, Columbus, Cleveland, Oklahoma City, Pittsburgh, Memphis, Nashville, Houston, San Antonio, Austin, Richmond, Albuquerque, New Orleans, Orlando, Tampa, Detroit, Milwaukee, Tulsa, Buffalo, Omaha, Fresno


  1. For loan amounts of $2 million plus. For loans under $2 million contact originator.
  2. Fixed rate period at minimum of 65% LTV and 1.35x in Top Markets and 1.40x DSCR in Standard Markets.
  3. Floating period prepay is waived if refinanced with Freddie Mac or property is sold.
  4. Alternative Prepay only available in 5-Year Hybrid / Fixed Loans in Top Markets.
  5. I/O Years can be added or subtracted. Add or Subtract 4bps per year.

For additional information, visit RedCapitalGroup.com or contact:
Don N. Frankman–Managing Director–Head of SBL Originations
RED Mortgage Capital, LLC
Email: dnfrankman@redcapitalgroup.com
Office: 949.812.7951 | Mobile: 949.522.2377
800.837.5100 toll-free


In its prequalifying review, RED Mortgage Capital, LLC will attempt to estimate both the loan amount and the fees and costs associated with the transaction. Actual loan amounts and actual fees and expenses may vary from the prequalifying estimates. A prequalifying estimate is not a commitment to make a loan.

Information timestamp: 4:24 pm - May 17, 2017

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