CMBS Loans from Express Capital Financing
At Express Capital Financing, our relationships with high-profile investors, combines with our own financial reserves, allows us to provide CMBS Loans. CMBS loans from Express Capital Financing can be used to purchase, rehab, renovate, and even refinance income-generating properties. Traditional CMBS loans offer low LTVs up to 65 percent, and amortization schedules up to 25 years. Express Capital Financing goes beyond the limitations of traditional lending channels by providing up to 80 percent LTV and schedules out to 30 years.
Express Capital Financing goes beyond the limitations of traditional lending channels by providing:
- Up to 80 percent LTV
- Amortizations up to 30 years
- Financing starting at $1 million
- Non-recourse funding
- Available nationwide
- Non-restricted cash out
Our CMBS loans can be used for a wide range of properties, including:
- Office space
- Multifamily rentals
- Retail space
- Self storage
- Industrial and manufacturing facilities
- Mixed use
How CMBS Loans Work
CMBS loans are structured around commercial mortgage backed securities. These securities are placed in a pool, where they are collateralized in the form of real estate notes in order to supply the capital needed for a CMBS loan. CMBS loans themselves are used for stabilized, revenue-generating properties. The big advantages to CMBS loans is that they offer non-recourse financing, as well as low interest rates. Since CMBS loans are not credit-driven, low credit scores have no impact on the underwriting decision. Instead, approval is based on the overall profitability and revenue generated by the property involved in the transaction. Originally, CMBS loans were restricted to a select few firms on Wall Street, because of the backing involved in CMBS pools. Express Capital Financing has a network with these firms, so we can extend CMBS loans nationwide.
Requirements For CMBS Loans
In order to qualify for our CMBS loan program, all properties must be of B quality or higher. Revenue generated from properties goes toward repayment of the loan. Both tenants and properties must be stabilized and solid.
Express Capital Financing provides a wide range of financing solutions for commercial real estate transactions. Contact our team today to learn more about how our CMBS loans can make your next property transaction easier.