| Property Types:
Office, Retail, Single Tenant,
Light Industrial, Hotel and Self Storage
CMC can provide mortgage
financing for every type of commercial property. Whether it’s
office space, retail, single-tenant, anchored retail, light industrial,
or hotel, we provide loans from $500,000 and up with flexible terms
and prepayment options.
CMC also provides
other mortgage financing: Multifamily properties, construction to
permanent financing and acquisition and development. CMC offers
attractive choices and supreme flexibility for today’s competitive
marketplace. Utilizing both leading edge technology and old-fashioned
customer service, we provide a prompt, smooth, reliable execution
through closing.
Beyond our robust selection of products, CMC’s expertise
and steadfast commitment to remarkable customer service are what
sets us apart from the rest. We can help meet your most critical
financial and timing needs. Personal attention guaranteed.
|
Product Overview
Loan amounts
$500,000 minimum
No maximum
Loan term
5 to 30 year terms
Amortization
Up to 30 years
Interest-Only options available
Debt service coverage ratio
1.20x minimum
Loan to value
75% maximum
70% for cash out refinance
Interest rate
Fixed and adjustable rate options on an
Actual / 360 basis
Personal recourse
Nonrecourse with typical “Carve-Outs” available
Interest calculation
Actual/360
Prepayment
Step Down %, yield maintenance, defeasance including partial
lockouts
Assumable
Subject to approval and 1% fee
Replacement reserves
Typically required
Supplemental mortgages
Mezzanine allowed subject to approval
Borrower eligibility
Single purpose bankruptcy remote entity
Rate lock
One day prior to closing
Early lock option available
|
|
