Jimbo Karetny

Jimmy specializes in CMBS loans. 20 Years industry experience. Nationwide and China. 

CMBS Lending

Fixed Rate Loan Program

Description Non-recourse, assumable fixed rate financing for the acquisition or refinance of stabilized multifamily, retail, office, hotel, industrial, and self storage properties

Amount Minimum $3,000,000 for multifamily, $7,000,000 for all other asset classes

Terms 5-10 year term; interest only periods up to full term are available

Loan to Value Maximum 75% of appraised value or purchase price constrained by Minimum Debt Yield Coverage Minimum 1.25x DSCR

Minimum Debt Yield 7% for multifamily; 8.5% for office, retail, industrial, and self-storage; 10.5% for hotels Minimum