PRODUCT TYPES

CMBS LOANS

  • Fixed rate long term financing for stabilized commercial real estate
  • General terms: $3MM-$30MM,5-10 years, up to 75% LTV
  • Subordinate financing permitted only if provided by Omega
Bridge Loans

  • Floating rate first mortgage financing for transitional commercial real estate
  • General terms: $5MM-$30MM,3-5 years with extension options,up to 80% LTV or LTC
  • Property types: multi-family,office, retail, industrial
Mezzanine Loans

  • Fixed rate mezzanine financing for stabilized commercial real estate
  • General terms: $2MM-$10MM,5-10 years, up to 85% LTV
  • Property types: multi-family,office, retail, industrial

Small Balance Bridge Loan

Loan Size From $1 Million to $10 Million
Location US properties nationwide including Canada, Bahamas, South America, and Central America
Collateral Improved income producing commercial properties and multifamily apartments plus some limited luxury
SFR’s. Plus ground up construction
Rates From 4.5% to 12.5 %
Terms 3, 5, & 7-years
Max LTV 70% Purchase: Value is actual purchase price. If Borrower has 30+% cash down, we’ll “stretch” the LTV max. Refinance: Value is based upon Omega’s opinion of the current market value. Our own review appraiser, along with a principal, will travel to visit each property.
Creative/Flexible Blanket loans; points and fees wrapped into the loan; multiple income sources considered.
Due Diligence A Non-Refundable Payment of $5,000 – $15,000 is required upon acceptance of a term sheet.  In certain cases the deposit is credited against third party costs of underwriting; fair market value evaluation fee, inspections, site visits, legal costs, escrow, etc.

Large Balance Bridge and Mini-Perm

Loan Size From $10 Million to $125 Million
Location Nationwide urban and suburban markets with population of 250,000+
Collateral NO LAND OR SINGLE FAMILY  Improved income-producing commercial properties & ground-up construction
Rates From 3.5% and 8.25%
Terms 3, 5, 7, 10,  15-years
Max LTV 85% based on appraised value
Minimum FICO None
Due Diligence A Non-Refundable Payment of $5,000 – $50,000 is required upon acceptance of a term sheet. In certain cases, the deposit is credited against third party costs of underwriting; fair market value evaluation fee, inspections, site visit, legal costs, escrow, etc.