Alt-A more flexable than CMBS
You may have heard of our Alt-A loan, the loan that is more flexible than conventional but MUCH better than private money. Well now, we have an Alternative CMBS loan. This loan, typically less than ¼% higher than a typical CMBS loan, offers the following MAJOR ENHANCEMENTS.....
1. -Flexible pre-pay penalties including declining pre-pay, customized declining points, and longer open periods...all far more amenable than Defeasance or Yield Maintenance
2. -Allows properties to have some vacancy with signed leases and imminent occupancy, allowing for some stabilizing....try THAT with traditional CMBS
3. -FUTURE FUNDING POSSIBLE including capital expenditures, earn outs, TI/LC Rollover and short-term interest reserves....
4. -FLEXIBLE RATE AND TERMS....like up to 15 year fixed rates! Or a 3 year step rate with a low starting teaser rate to allow for stabilization and borrower plan!
5. -Lower closing costs
6. -Ability to refinance during the fixed period with NO penalty-try THAT with traditional
7. -No kick-out or loan restructure risk post letter of interest.....
Interested in quick quotes? go to www.irestexas.com and click on "get your loan quote now" we respond to your request and get your quote to you quickly