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Conduit Warehouse Loans

CMBS Loans For Warehouses

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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 Conduit CMBS Warehouse Building Loan

Crefcoa provides conduit CMBS warehouse loans through our proprietary online commercial real estate lending platform (CRELP). Through CRELP we are changing the way owners and investors obtain CMBS loans for warehouse buildings. Unlock the full potential of your commercial real estate investment with a warehouse CMBS loan that meets your individual needs and investment objectives with the most competitive rate and terms.

 

Crefcoa provides CMBS conduit loans for warehouse and industrial properties for single tenant and multi-tenant properties in medium and large markets. Warehouse properties that are owner-occupied, or owned or operated through a related entity are not eligible for CMBS financing. Visit our commercial loan center to learn more about loan programs for business owner-occupied properties.

 

Acceptable properties may be used for manufacturing, research and development, storage, and assembly with property quality grade of B or better. Properties should be located in industrial park developments with good access to major highways and thoroughfares.

 

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

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CMBS Conduit Warehouse 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 Warehouse, light industrial, mixed, storage, packaging, research, manufacturing, and other similarly zoned property types.
Borrowing Entity Requirements Bankruptcy-Remote SPE (special purpose entity). Entities may be corporations, limited liability companies or limited partnerships.
Loan Size Minimum loan size $3,000,000
CMBS Warehouse 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 Major markets preferred. Secondary and tertiary markets considered on a deal by deal basis assuming strong asset quality and 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%
Prepayment Defeasance or yield maintenance
Personal Guarantee Non-recourse subject to standard carveouts
Rate Lock At commitment
Occupancy Requirements Stabilized properties where tenant mix should be of strong quality as determined by stability of business and financial condition. Prefer rent roll with staggered expirations. Leases should be representative of the market.
NOI Analysis Three years of operating statements are required with preference towards triple net leases. Lease expiration should be smooth with annual lease expirations in any given year to not fall below a 1.0x DSCR.
Impounds Taxes, insurance, tenant improvements, replacement reserves, 125% of cost for needed repairs.
Preliminary Submission Package for a Conduit Warehouse 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
  Conduit warehouse and industrial loan program underwriting guidelines are provided for informational purposes only and do not constitute, or should not be interpreted, to be an offer to make a loan, a loan approval, or any other language that implies that by meeting these basic requirements Crefcoa will provide borrower with a loan under these terms.
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Conduit CMBS loans for warehouses 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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