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Conduit Office Building Loans

CMBS Loans For Office Buildings

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Conduit CMBS  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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A Better Way To Get A CMBS Conduit Office Building Loan

Through our proprietary online commercial real estate lending platform (CRELP) we are changing the way borrowers obtain conduit CMBS loans for office buildings. CMBS loans are available for both acquisitions and the refinance of your office building commercial loan. We help unlock the full potential of your commercial real estate investment with financing options customized around your individual needs, investment objectives and property characteristics.

 

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

 

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

 

Request a CMBS quote for your office building, or visit the capital markets loan center or commercial loan center to learn more about all of our commercial loans for office buildings.

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CMBS Office Building Loan Program Guidelines

The CMBS Loan Advantage
  • 30-year amortization
  • Up to 10-yr fixed rates
  • Up to 75% leverage
  • No restrictions on cash out refinances
  • Non-recourse
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.

Borrowing Entity Requirements Bankruptcy-Remote SPE (special purpose entity). Entities may be corporations, limited liability companies or limited partnerships.
Loan Size $3 million minimum
CMBS Office Building Loan Interest Rates Interest rates for CMBS office building loans are based on an index (5 or 10-year Swap) plus a spread. Where the interest rate falls in the spread range depends on:
  • Loan size
  • Property (e.g. quality, location, tenant strength, lease terms)
  • LTV, DSCR and debt yield

 

View indicative interest rates for CMBS loans and conduit loan interest rates

 

Locations Office buildings located in mid to large market sectors and small market sectors with strong sponsorship.
Loan-to-Value Up to 75%
Minimum DSCR 1.30-1.50 minimum
Fixed Terms 5 and 10-year fixed rate terms
Amortization 25-30-year amortizations
Minimum Debt Yield 8%-10%
Minimum Occupancy 85% with staggered lease expirations. For single tenant properties lease term must exceed loan term.
Prepayment Defeasance or yield maintenance
Personal Guarantee Non-recourse subject to standard carveouts
Rate Lock At commitment
Impounds Taxes, insurance, tenant improvements, replacement reserves, 125% of cost for needed repairs.
Preliminary Submission Package for a Conduit Office Loan Include the following in your request for a conduit CMBS self storage facility loan quote:
  • Property description
  • Representative color photographs or property website
  • Current rent roll
  • YTD and two prior years income and expense statements
  • 12 month trailing income and expense statement
  • 12 month operating budget
  • Capital improvements summary
  • Sponsor resume outlining experience owning and operating commercial real estate
  • Management company bio
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Conduit CMBS loans for office buildings may not be available in all locations. Eligible property types, loan programs and program guidelines (including, without limit, minimum loan size, LTV, rates and terms) are subject to change without notice and may vary depending on property location, economic conditions, exposure, and other variables that may negatively influence risk. Information provided is not an offer to make a loan and should be used for informational purposes only.

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