OCFN "CRE" Indicative Terms
Loan Amount
$1 million minimum. Selectively, lower loan amounts may be considered.
Loan-to-Value Ratio
Target 70% LTV (75% LTV on a case-by-case basis)
Interest Rate:
Prime Plus (Points ranging from 3 to 15)
Interest Payment Type:
Interests Only (and in some cases Amortization is available)
Loan Term:
Up to 10-Year loan terms available
Equity Waterfall:
Up to 20% of Gross or Net Income inclusive of Net Sales
Origination Fee:
Minimum 2% of Gross Loan Amount
3rd Party Underwriting & Due Diligence Fee:
Minimum $5,000 up to $15,000 Maximum (based on loan size), paid directly to Strategic Properties Associates www.strategicproperty.com
3rd Party Appraisal Fee:
Determined on a case-by-case loan inquiry
Borrowing Entity:
Must be bankruptcy-remote, Special Purpose Entity, Tenants-in-Common ownership not allowed Recourse Loan shall be Non-Recourse, with standard Non-Recourse Carve-Outs Reserves shall be required for capital items such as Replacements, Tenant Improvements and Leasing Commissions
Loan Servicing:
Berkadia Commercial Mortgage Servicing and or assign
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