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Capital Markets - Securitized Commercial Financing (CMBS)


loan products:

fannie mae
Fixed Rate
ARM
DMBS
Tax-Exempt Bond Credit
 Enhancement

Small Mortgage
Seniors
Student
MHC
Structured ARM
DUS PLUS
Unfunded Forward Rate Lock Commitment
Custom Loan Options

freddie mac
Fixed Rate
Float-to-Fixed-to-Float
Capped ARM
High-Leverage
Lease-Up Executions
Tax-Exempt Bond Credit Enhancement
Interest Only

capital markets
Multifamily
Retail
Office
Hotel
Industrial

additional information
interest rate calculation
prepayment options
supplemental mortgages
PNC ARCS Capital Markets Multifamily Financing

For multifamily properties
Product overview

Eligibility
Multifamily, student housing, coop, manufactured housing communities and affordable housing

Borrower Eligibility
Single purpose bankruptcy remote entity

Loan Amounts
$3 million. No maximum.

Loan Term/Amortization
5 to 30 year terms
Up to 30 year amortization available

Interest Rate
Interest rate is based according to risk.
Call for a quote.

Personal Recourse
None, except for typical lender “Carve-Outs”

Debt service Coverage
1.20x minimum

Loan to Value
80% maximum

Interest Calculation
Actual/360

Prepayment   Click for more information
Loan is locked for 24 months from securitization and subject to defeasance thereafter but fully prepayable without penalty in the last 3 to 6 months of loan term.

Third Party Fees
Includes legal, appraisal, engineering, and environmental reports. Seismic reports and survey may also be required.

Replacement Reserve Impounds
Typically required

Supplemental Mortgages
Available on a case-by-case basis

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