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GENERAL INQUIRIES
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CCRE provides commercial mortgage loans which primarily follow the standards set by the CMBS securitization market. The fixed rate loan program focuses primarily on assets with stable cash flows, and typically exhibits conservative loan structures including amortization, reserves, moderate loan to value (LTV) ratios, strong debt yields (DY), and debt service coverage ratios (DSCR). The floating rate program is better suited for transitional assets or with short-term cash flow volatility. Structuring and leverage are tailored to the specific needs of transaction.

 

Eligible Locations:

Property Types:

Loan Amount:

Loan Term:

Amortization:

Loan to Value:

DSCR :

Origination Fee:

Processing Fee & Expense Deposit:

Reserves:

Sponsor/Borrower:

Borrowing Entity:

Recourse:

Assumability:

Prepayment:

pdf FIXED RATE LENDING PROGRAM*

MSA's within the U.S. and its territories exhibiting strong economic and property-type specific fundamentals

Stabilized property types including Office, Retail, Industrial, Multi-Family and Hotel. Self-Storage and Mobile Home Parks will be considered on a case-by-case basis

$5,000,000 to $175,000,000

5, 7 and 10-year loan terms

Typically 30 years (shorter terms may be required based on property type and use)

Up to 75% of FIRREA Appraised Value

Minimum 1.25x DSCR on CCRE underwritten net cash flow. Mezzanine debt will be permitted up to a 1.10x DSCR

Par to 1.0% of Loan Amount

$5,000 Processing Fee (may vary depending on transaction)Expense Deposit sufficient to cover third party, legal and out-of-pocket expenses

Tax, Insurance and Replacement Reserves required

Creditworthy individual(s) or entity acceptable to Lender with sufficient liquidity and net worth

Single asset or special purpose entity required depending on loan size

Non-recourse, with the exception of industry standard "bad boy" carve outs

Permitted subject to lender approval and an assumption fee

Defeasance with 2-year lockout and 90 day open period during the 90 days prior to scheduled maturity date. Yield Maintenance available on a case-by-case basis

pdf FLOATING RATE LENDING PROGRAM*

MSA's within the U.S. and its territories exhibiting strong economic and property-type specific fundamentals

High quality property types including Office, Retail, Industrial, Multi-Family and Hotel. Self-Storage and Mobile Home Parks to be considered on a case-by-case basis

$35,000,000 to $200,000,000

3-year Initial Loan Term with Two 1-Year Extension Options

Typically 30 years (shorter terms may be required based on property type and use)

Up to 80% of FIRREA Appraised Value

Minimum 1.25x DSCR on CCRE underwritten net cash flow. Mezzanine debt will be permitted up to a 1.05x DSCR

1-2% of Loan Amount

TBD

Tax, Insurance and Replacement Reserves required

Creditworthy individual(s) or entity acceptable to Lender with sufficient liquidity and net worth

Single asset or special purpose entity required depending on loan size

Non-recourse, with the exception of industry standard "bad boy" carve outs (potential partial recourse)

Permitted subject to lender approval and an assumption fee

2-year lockout followed by declining prepayment fees; open for six months prior to maturity

*Commercial real estate loans are made by Cantor Commercial Real Estate Lending, L.P.

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