PRODUCT TYPES
CMBS LOANS
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Bridge Loans
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Mezzanine Loans
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Small Balance Bridge Loan
Loan Size | From $1 Million to $10 Million |
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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 |
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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. |