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Conduit Office Building Loans

CMBS loans for office buildings

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Capital Markets Loans
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Why Choose Crefcoa
Why Choose
Crefcoa's Capital Markets Conduit Lending Group has the experience and capital markets relationships necessary to properly structure your commercial real estate loan to ensure successful execution at the lowest fixed rates and costs in the market.
  • Competitive rates and terms
  • Knowledge and expertise
  • Certainty of execution
  • Convenient electronic loan process
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CMBS Conduit Office Building Loan Program Overview

Crefcoa's conduit office loan program provides permanent fixed rate financing for CBD and suburban single tenant, multi-tenant, and credit tenant office properties.

 

Conduit loans for office buildings are available in most market sectors for stabilized properties with a demonstrated ability to re-lease at market rates.

 

In addition to the office conduit loan program, Crefcoa provides commercial loans for office buildings through its traditional commercial loan program. For office loan sizes under $1 million please visit our small balance plus office loan program.

 

To learn more about Crefcoa's office building loan programs, contact a commercial mortgage specialist today.

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CMBS Conduit Office Building Loan Program Guidelines

Eligible Properties Stabilized CBD and suburban single, multi, and credit tenant office properties. High-rise, low-rise, and office condo property structures permitted.

 

Office properties should be Class B or better.

 

For single tenant or anchor tenant properties, lease terms should extend past the fixed term of loan.

Loan Size Loan sizes starting at $2 million.
Pricing
  • Tiered pricing based on LTV and DSCR.
  • Industry low spreads above comparable "on the run" Treasury rates.
  • Rate buy downs are available.
Locations Office buildings located in mid to large market sectors and small market sectors with strong sponsorship.
Programs
  • 5, 7, and 10 year fixed rate terms (balloon at end of fixed term).
  • 25 and 30 year amortizations.
Prepayment Defeasance or yield maintenance.
Personal Guarantee Non-recourse subject to standard carveouts.
Minimum DSCR 1.25-1.35.
Loan-to-Value Maximum of 80%.
Rate Lock At commitment. 30-day forward lock available with U/W approval.
Occupancy Requirements Stabilized properties with staggered lease expirations.
Impounds Taxes, insurance, tenant improvements, replacement reserves, 125% of cost for needed repairs.
Preliminary Submission Package for a Conduit Apartment Loan Include the following in your request for a conduit apartment loan quote:
  • Property description and location map.
  • Representative color photographs.
  • Current rent roll and year-to-date operating statement.
  • Operating history - prior 2 years, if available.
  • Current year operating budget.
  • Existing debt and cost basis.
  • Sponsor resume.
  Quick Quote Apply Now
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Conduit Office Commercial Loans - Commercial Mortgage Program Home Page
Conduit loans for office buildings are provided on commercial real estate property types located in the Continental United States. Minimum conduit office commercial loan size is $2,000,000. Loan sizes below $2 million are eligible for commercial financing under the small balance commercial mortgage program.

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