1180 Welsh Rd, Suite 210 • North Wales, Pennsylvania 19454
Phone: (215) 631-9151 • E-mail: info@opcomortgagefinance.com

CMBS Transactions

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CMBS Conduit Program for Commercial Lending

The CMBS Conduit program offers commercial lending to eligible office, retail, industrial, multifamily, and hotel properties nationwide.  The program offers Oppenheimer customers through a third party lender, an alternative financing option to traditional multifamily and healthcare programs for a variety of asset classes.

Eligible Borrowers:

Single Asset Entity, Typical assets rated B minus and above, Average DSC ratio greater than 1.25 in the three most recent audited years.

Loan Term:

Fixed:  5, 7, and 10 year terms with up to 30 year amortizations available.

Loan Amount:

Loan to value not to exceed 75%,  $2 million and up.

Interest Rate:

Subject to market conditions, based on competitive swap based pricing

Timing:

Closing and underwriting are performed simultaneously, closing usually within 60 days.

Personal Liability:

Non-recourse to key principals except for customary carve-outs.

Fees:

Expense deposit required to cover third party reports, legal fees and other customary costs.  Commercial Lending Originations fee generally at par.  Underwriting fee generally $7,500.

Other:

  • An appraisal, ESA and engineering assessment are required.
  • Engineering assessment requires a 12 year escrow analysis for reserve calculation.
  • 3 years of financial statements, current rent roll, property information and pictures, borrower description are required.
  • NOI based off current rent roll using the greater of actual expenses (with a 4-5% management fee)
  • Cash management requires hard lockbox processing.

This is a general outline of the program requirements.  For complete information and to determine how your property can benefit from this accelerated financing opportunity, please contact your Oppenheimer representative at info@OpcoMortgageFinance.com, or call (215) 631-9151.

icon-pdf OPCO CMBS Conduit.pdf

 

 


“I have worked on many transactions with Oppenheimer Multifamily Housing & Healthcare Finance, Inc.; This institution has proven to be highly competent in all areas, responsive to clients’ needs, resilient in problem solving and well resourced with capable professionals of all disciplines, resulting in a great team that always delivers on time.”

Joseph H. Vives
Vives & Associates PLLC