YOUR COMPANY'S NAME
Commercial Mortgage Lender Databank
http://www.blackburne.com/yourname
SEARCH PARAMETERS
Amount of Loan Request: $5,000,000
Position of Loan Request: First mortgage
Type
of Property: Industrial Buildings
Location:
New York
RESULTS OF SEARCH
Guardian Life
Program Number:..............157
Initial Rate:.........................7.375%
Fixed or AML:...................Fixed
Points:................................1.0 point
Amortization:......................25 years amortized.
Term:.................................10 years due.
Apprasial:...........................Fee.
Prepayment Penalty:...........Yield maintenance formula.
Assumability:......................Yes. 1% to a qualified buyer.
Max Loan-to-Value:...........75%
Minimum Down Payment:...25% (Cash-to-loan).
Debt Service Coverage:......1.25
Processing Time:.................60 days
Comments:..........................25/10 FIXED for $1MM to $10MM.
Lender
favors owner-user industrial
properties,
but will consider
multi-tenant
industrials with a minimum
10,000
SF per tenant. Also likes
medical
office buildings. Will
consider
older apartment buildings
(walk
ups). Dwyer Curlett is the
correspondent
for So. California.
Region:................................Southern California:
Contact:...............................Tim Hasselbach
Company:............................Dwyer Curlett, Inc.
Address:..............................2029 Century Park East, Suite 1950
City, State, Zip:....................Los Angeles, CA 90067
Telephone:...........................(310) 226-2700
Region:.................................Nationwide:
Contact:................................Diane Marino
Company:.............................Real Estate Investment Department
Address:...............................Guardian Life Insurance Co.
Telephone:............................(212) 598-8274
Canada Life
Program Number..................489
Initial Rate:............................7.5% Fixed
Fixed or AML:......................Fixed
Points:...................................2 Points
Amortization:.........................25 years amortized
Term:....................................10 years
Apprasial:..............................Designated MAI
Prepayment Penalty:..............5 year lock then yield maintenance
Assumability:.........................Yes 1%
Max Loan-to-Value:..............75%
Minimum Down Payment:......25%
Debt Service Coverage:.........1.25
Processing Time:....................45 days
Comments:.............................Life Company for A Quality Prop's
Property
must be prime and preferably
less
than 10 years old.
Contact:.................................Ed Ovsenny
Company...............................Canada Life
Address:................................330 University Ave.
Toronto,
Ontario
City, State, Zip:.......................Canada, M5G1R8
Telephone:..............................(416) 597-1456
Independent Order of Foresters
Program Number:...................507
Initial Rate:..............................7.5% Fixed
Fixed or AML:........................Fixed
Points:.....................................1 Point
Amortization:...........................25 years amortized
Term:......................................10 years
Apprasial:................................Designated MAI
Prepayment Penalty:................ 5 year lock then yield maintenance
Assumability:............................Yes 1%
Max Loan-to-Value:................75%
Minimum Down Payment:.........25%
Debt Service Coverage:...........1.20
Processing Time:......................45 days
Comments:...............................Life Company for A Quality Prop's
Property
must be prime and preferably
less
than 10 years old.
Contact:...................................Michael Fairfield
Company:................................Independent Order of Foresters
Address:..................................789 Don Mills Rd.
Don
Mills, Ontario
City, State, Zip:........................Canada, M3C 1T9
Telephone:...............................(419) 429-3000
Equitable of Iowa
Program Number....................497
Initial Rate:..............................7.625% Fixed
Fixed or AML:........................Fixed
Points:.....................................1 Point
Amortization:...........................25 years amortized
Term:......................................10 years
Apprasial:................................Designated MAI
Prepayment Penalty:................ 5 year lock then yield maintenance
Assumability:............................Yes 1%
Max Loan-to-Value:................75%
Minimum Down Payment:.........25%
Debt Service Coverage:...........1.20
Processing Time:......................45 days
Comments:...............................Life Company for A Quality Prop's
Property
must be prime and preferably
less
than 10 years old.
Contact:...................................Robert Kunnen
Company:................................Equitable of Iowa
Address:..................................2000 Hub Tower
699
Walnut St.
City, State, Zip:........................Des Moines, IA 50309
Telephone:...............................(515) 698-7860
Lutheran Brotherhood
Program Number:...................141
Initial Rate:..............................7.625% Fixed
Fixed or AML:........................Fixed
Points:.....................................1 Point
Amortization:...........................25 years amortized
Term:......................................10 years
Apprasial:................................Designated MAI
Prepayment Penalty:................ 5 year lock then yield maintenance
Assumability:............................Yes 1%
Max Loan-to-Value:................75%
Minimum Down Payment:.........25%
Debt Service Coverage:...........1.20
Processing Time:......................45 days
Comments:...............................Life Company for A Quality Prop's
Property
must be prime and preferably
less
than 10 years old.
Lender's
favored properties are
light
industrial and warehouses.
The
preferred loan size is $2.0MM to $5.0MM.
Region:.....................................Northern California (Kern county to Oregon
border):
Contact:...................................William (Bill) Monheit
Company:.................................Newmark Realty Capital
Address:...................................100 Pine Street, Suite 1850
City, State, Zip:.........................San Francisco, CA 94111
Telephone:................................(415) 956-7600
Region:.....................................Nationwide correspondent contact:
Contact:....................................Barbara Robinson
Company:.................................Lutheran Brotherhood
Telephone:................................(612) 340-8493
And So On - Up to As Many as 200 or 300 Possible Lenders
Per Search