Fixed-Rate, High Leverage, Non-Recourse Financing for Commercial Real Estate Investors
Welcome to the internet's first online source of CMBS financing for commercial properties across the United States. With a well developed niche in refinancing existing CMBS loans while navigating defeasance, cash-flow issues, depreciation and more, the advisors at CMBS.loans are experts in leveraging commercial mortgage backed securities as a tool for financing commercial properties. Eligible properties include office, retail, hospitality, apartment, mixed-use, self storage, mobile home parks, and more.
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What are CMBS Loans?
CMBS loans, also known as conduit loans, have emerged as one of the most popular forms of commercial real estate financing in recent years. CMBS stands for commercial mortgage based security, as these loans are later pooled with similar loans, and packaged into bonds that can be sold to investors on the secondary market. CMBS loans are known for their lenient credit requirements, and typically have fixed-rate terms of 5, 7, or 10 years. At CMBS.Loans, we specialize in CMBS financing for all kinds of properties— and can get you some of the best rates on the market.
A One-Stop Online Platform for All CMBS Financing Needs
CMBS intermediaries that were built over the last two decades don’t have the same tools we have today. Welcome to the future of CMBS financing for commercial properties. A world in which we can leverage gigabit internet speeds to source quotes and set lenders against each other to secure the best terms for our clients. Sophisticated valuation tools and a rolodex of Wall Street conduit lenders give us a competitive edge over other one-source shops. Apply today to find out how much better your CMBS loan terms should be.
Call CMBS.Loans Today: (305) 615-6060
We Understand Conduit Loans
Because our core business has been sourcing new CMBS debt for existing commercial properties, we have developed a deep understanding of the securitization process and the intricacies involved in how servicers and special servicers manage their portfolios. We also have experience managing prepayment considerations including defeasance and yield maintenance, and the commercial real estate property value complications that have come along 10 years after financing at the peak of our last cycle. It is important to understand that not all CMBS loans are created equal and that terms, spreads, prepayment penalties, leverage, and property valuation considerations vary by provider. As such, it is important to work with a market expert that has no conflict of interest.
No Conflicts of Interest
In today’s market, most conduit lenders, and many larger brokerage and advisor services service their own loans. Many borrowers never consider the implications of this. Every 10 basis points your CMBS lender increases your spread by equates to a 1% bump to their bottom line and off yours. That means if a broker or lender charges you a 1% fee and and earns an extra 30 bps in the spread by making a biased decision, they are potentially earning an additional 3% on your loan. The higher your rate is, the more the servicers, brokers, and lenders profit.
At CMBS.loans, we are not a conduit lender, servicer, or biased broker with preferred affiliations that pay us on the backend. We function strictly as a financial intermediary and do not service our loans because we believe it is a giant conflict of interest. We keep it simple. We charge .75bps (3/4 of 1%) of the total loan amount paid out of closing. Our time isn't spent servicing existing loans to make extra money, it's spent leveraging our database of lenders to drive down loan costs, spreads, and prepayment costs for our borrowers. The end result? Complete transparency; and you walk away with more money.
Multiple Property Types are Eligible for CMBS Loans
Some intermediaries only help borrowers source conduit loans for traditional property types, such as office buildings and apartment buildings, but not us. We help our clients get loans for all kinds of properties, including industrial properties, warehouses, parking garages, marinas, retail properties, mixed use properties, mobile home parks, nursing homes, hospitals, student housing properties and more. Plus, we can also assist clients who want to get CMBS financing for portfolios of properties. CMBS portfolio loans are growing in popularity and a great way for larger businesses to refinance multiple properties while enjoying low interest rates and liberal cash-out restrictions.
We Arrange Preferred Equity & Mezzanine Loans Behind CMBS Senior Debt
CMBS/Conduit senior loans don't generally allow for recorded junior or subordinate debt to sit behind them. Situations like this call for creative structures to help owners/operators raise working capital, replace existing subordinate debt, or recapture additional capital when selling the underlying collateral (the commercial property) via a loan assumption.
General Subordinate Debt Terms
Loan Amount: $1,000,000 and up
Collateral: Existing cash-flowing commercial property with CMBS or Agency senior debt.
Term: Coterminous with the senior (1-10 years).
Pricing: Starting at L+900 but generally double digit.
Leverage: Up to 75% combined with the senior.
Leverage Our Relationships & Technology
Get The Most Active CMBS Shops In The Nation Bidding On Your Loan Today:
Citi - Goldman - Rialto - Ladder - Benefit - Wells Fargo - JP Morgan - Cantor - Deutsche - Credit Suisse - Starwood - Natixis - UBS - Barclays