Office/Retail/Industrial/Multifamily/Student Housing/Hotel/MHP/Self-Storage and other aset classes on a case by case basis
Generally urban or suburban locations in primary, secondary, top 200 MSA's.
Acquitisions, refinance (including return of equity, subject to minimum holding period).
$5.0MM and up
5 to 15 years
Market based spread over relevant duration swap or UST
10-30 years, with interest only available on a case by case basis.
Generally a minimum DSCR of 1.20x based on underwritten cashflows, and a 30 year amortization, may go lower (case by case).
Up to 80%, (Hotels and Student Housing 75%)
Yield Maintenance, with flexible prepayment options available.
Retained by an affiliate of Bayview Asset Management.
Generally non-recourse except standard carve-outs.
Available on a case by case basis.
Reserves & Cash Management
Determined on a loan by loan basis. Generally includes funding of tax, insurance, TI/LC and replacement reserves.
Early Rate Lock
Available upon completion of background/credit checks.