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Cohen Commercial Equity Call 1-800-928-6154
When Banks say "No" We say "Yes"
Commercial Loan Programs for Non-Recourse Projects
When Banks say "No" We say "Yes"
Commercial Loan Programs for Non-Recourse Projects
Cohen Commercial Equity combines in-depth knowledge and
Experience of the various capital markets, Lending Platforms,
extensive and strong relationships within the lending community,
and a commitment to ongoing development to achive a
comprehensive custom solution for our clients.
We’re proficient when it comes to structuring Bridge and Long
Terms capital alternatives solutions customized to meet your
specific goals. We serve as your advocate and advisor to help
negotiate financed terms as efficiently and cost effectively as
possible. We also provide market perspective and work with you to
chart a long-term course for your assets.
Our goal is to provide the ultimate customer experience for our
clients by consistently delivering the best capital markets solutions.
We start by offering a comprehensive array of services.
The commercial financial services area is highly competitive.
Whether the client is an individual or a significant corporation, our
hallmark is responsive service and an insightful, creative and
flexible approach to documentation.
Experience of the various capital markets, Lending Platforms,
extensive and strong relationships within the lending community,
and a commitment to ongoing development to achive a
comprehensive custom solution for our clients.
We’re proficient when it comes to structuring Bridge and Long
Terms capital alternatives solutions customized to meet your
specific goals. We serve as your advocate and advisor to help
negotiate financed terms as efficiently and cost effectively as
possible. We also provide market perspective and work with you to
chart a long-term course for your assets.
Our goal is to provide the ultimate customer experience for our
clients by consistently delivering the best capital markets solutions.
We start by offering a comprehensive array of services.
The commercial financial services area is highly competitive.
Whether the client is an individual or a significant corporation, our
hallmark is responsive service and an insightful, creative and
flexible approach to documentation.
General Terms: FAANIE MAE UP TO 100% FINANCING
Minimum Loan Amount: $2,000,000
Prime Rate. Max: 80% LTV. CLTV:100%
No Fico Score Reqirements-Bad Credit Ok
2 Years P/L, Rent Roll, Executive Summary
We will custumerized a Loan Sulotion for your Purchase, Refinance
Construction Loan
Minimum Loan Amount: $2,000,000
Prime Rate. Max: 80% LTV. CLTV:100%
No Fico Score Reqirements-Bad Credit Ok
2 Years P/L, Rent Roll, Executive Summary
We will custumerized a Loan Sulotion for your Purchase, Refinance
Construction Loan
CCE has a variety of loan programs to help meet its clients’
business objectives. In addition to conventional multifamily loan
products, CCE offers loans for specialized multifamily product
types including affordable, seniors, student, and manufactured
housing.
CCE offers both fixed and adjustable rate loans as well as a
number of more creative fixed/float combinations and interest-only
executions. Early rate lock, small loans, and loans with flexible
refinance and supplemental terms are also available. Other
categories of CCE specialty loans include:
Structured transactions: CCE specializes in large or complex
transactions including pools, credit facilities, and bulk delivery.
Cohen Commercial Equity credit facilities utilize a single pool of
cross-collateralized and cross-defaulted mortgages as collateral
for long term fixed rate financing as well as short term variable rate
financing. Credit facilities offer a variety of flexible options.
Collateral may be substituted, added, or released, and the size of
the facility can grow over time.
Forward commitments: CCE can provide forward commitments
for permanent financing on both market rate and affordable
housing properties. Permanent loan rates may be fixed prior to
start of construction or rehabilitation with a letter of credit or
guaranteed investment contract. For unfunded forward
commitments, CCE can provide construction and permanent
financing without negative arbitrage. With this structure, Green Park
Financial provides funds to construct the project at competitive
market rates and then provides an unfunded forward commitment
for permanent financing at project stabilization.
Affordable Housing Finance: CCE can provide tax credit financing
for multifamily affordable housing properties including those that
participate in the Low Income Housing Tax Credit (LIHTC) program
or are encumbered by a Housing Assistance Payment (HAP)
contract. CCE can facilitate credit enhancement for fixed or variable-
rate tax-exempt housing bonds. Proceeds can be used to provide
financing for new construction, refinance, acquisitions, or
substantial rehabilitation of affordable housing properties.
Type of
Financing
Import/Export financing
Working capital financing
Accounts receivable and inventory financing
Trade financing
Seasonal financing
Capital expenditure financing
Merger/Acquisition financing
Credit Limit For any commercial financing requirement from
$1,000,000 & up to our lending limit, please contact
a corporate loan officer at one of the telephone
numbers below.
For any commercial financing requirement below
$1,000,000, please contact a Cohen Commercial Equity branch
nearest you. Modesto, CA- (209) 239-5000
Financing
Import/Export financing
Working capital financing
Accounts receivable and inventory financing
Trade financing
Seasonal financing
Capital expenditure financing
Merger/Acquisition financing
Credit Limit For any commercial financing requirement from
$1,000,000 & up to our lending limit, please contact
a corporate loan officer at one of the telephone
numbers below.
For any commercial financing requirement below
$1,000,000, please contact a Cohen Commercial Equity branch
nearest you. Modesto, CA- (209) 239-5000
General Terms Non-Recourse Loan
Rates
Multi-Use Special Purpose
Variable 5.60% 6.18%
5 Year Fixed 6.20% 7.01%
10 Year Fixed 6.90% 7.68%
Non-Recourse Commercial Mortgage Lending Program
Minimum $1,000,000 - $100,000,000
First mortgage loan on quality stabilized properties and quality borrowers on the following rates and terms:
Eligible Locations: Strong/Stable primary and secondary markets- No tertiary markets. 150,000+ population within 5 mile radius of the
asset.
Eligible Transactions: Acquisition or refinance of existing stabilized income-producing properties - no earn-outs
Eligible Properties: Multifamily, multi-tenant office, retail, warehouse, industrial, credit singe tenant, also select flagged hotels.
Properties that are Not Eligible : Non credit single tenant, restaurant/bar, church/school/day care, funeral home, dry cleaner; any
automotive fuel/service/repair; bed & breakfast; co-ops, rest/nursing home, health care; raw land; single family homes; no properties
with high vacancy, environmental contamination, needing substantial rehab or tenant fit-up.
Transaction Size: $1 million to $105 million
LTV [The lesser of as-is appraised value or purchase price] Up to 75% for multifamily office, retail, industrial/warehouse;
Up to 70% for hotels.
Security: First mortgage lien on the subject property, assignment of leases and rents, UCC on other property collateral, [NO personal
guarantee].
Ownership: Single asset, special purpose entity (Corp, GP, LP, LLC, etc.)
Application fee: $2500 - $3500 Fee is due with the signed Application depending on property location and loan size.
Commitment Deposit $11,000- $15,000 payable upon acceptance of Loan Commitment depending on 3rd party costs, legal and
closing. Unspent balance applied towards Origination Fee or refunded at closing.
Origination Fee: Based on each transaction
Transaction Expenses From $10,000 to $15,000 to include 3rd party costs (appraisal, phase 1 environmental & property condition
assessment), legal and closing, depending on loan size and property type.
Loan Spread: Fixed over applicable index, depending on fixed rater period selected, LTV, property type, DSC, borrower credit, and
prepayment penalty. Amortization 30 years
DSC: 1.20x multifamily, office, retail and industrial/warehouse; 1.30x hotel.
Loan Term: 5 or 7 year term based on fixed rate period selected – balloon at end of loan term.
Non-Recourse: No personal recourse to principals for loan. Traditional "Bad Boy" carve-outs are required for waste, hazardous
substances, etc.
Second mortgage: Not permitted
Prepayment Penalties 5 year term: Year 1&2- locked out; Year 3-2 points; Year 4-1 point; Year 5-open
7 year term: Y ears 1, 2 & 3 - locked out; Year 4-3 points; Year 5-2 points; Year 6-1 point; Year 7- open
Underwriting: Full documentation on borrower and property.
Closing time: 45 days from completed Application
BROKERS PROTECTED
Loan Process overview Broker Services
Brokers Employment Loan Officers Realtors Residential Customers
Cohen Commercial Equity a Division of Cohen Financial Group all rights reserved 2006.
Tel: 209-239-5000 .580 N Wilma, Suite E Ripon, CA 95336
Rates
Multi-Use Special Purpose
Variable 5.60% 6.18%
5 Year Fixed 6.20% 7.01%
10 Year Fixed 6.90% 7.68%
Non-Recourse Commercial Mortgage Lending Program
Minimum $1,000,000 - $100,000,000
First mortgage loan on quality stabilized properties and quality borrowers on the following rates and terms:
Eligible Locations: Strong/Stable primary and secondary markets- No tertiary markets. 150,000+ population within 5 mile radius of the
asset.
Eligible Transactions: Acquisition or refinance of existing stabilized income-producing properties - no earn-outs
Eligible Properties: Multifamily, multi-tenant office, retail, warehouse, industrial, credit singe tenant, also select flagged hotels.
Properties that are Not Eligible : Non credit single tenant, restaurant/bar, church/school/day care, funeral home, dry cleaner; any
automotive fuel/service/repair; bed & breakfast; co-ops, rest/nursing home, health care; raw land; single family homes; no properties
with high vacancy, environmental contamination, needing substantial rehab or tenant fit-up.
Transaction Size: $1 million to $105 million
LTV [The lesser of as-is appraised value or purchase price] Up to 75% for multifamily office, retail, industrial/warehouse;
Up to 70% for hotels.
Security: First mortgage lien on the subject property, assignment of leases and rents, UCC on other property collateral, [NO personal
guarantee].
Ownership: Single asset, special purpose entity (Corp, GP, LP, LLC, etc.)
Application fee: $2500 - $3500 Fee is due with the signed Application depending on property location and loan size.
Commitment Deposit $11,000- $15,000 payable upon acceptance of Loan Commitment depending on 3rd party costs, legal and
closing. Unspent balance applied towards Origination Fee or refunded at closing.
Origination Fee: Based on each transaction
Transaction Expenses From $10,000 to $15,000 to include 3rd party costs (appraisal, phase 1 environmental & property condition
assessment), legal and closing, depending on loan size and property type.
Loan Spread: Fixed over applicable index, depending on fixed rater period selected, LTV, property type, DSC, borrower credit, and
prepayment penalty. Amortization 30 years
DSC: 1.20x multifamily, office, retail and industrial/warehouse; 1.30x hotel.
Loan Term: 5 or 7 year term based on fixed rate period selected – balloon at end of loan term.
Non-Recourse: No personal recourse to principals for loan. Traditional "Bad Boy" carve-outs are required for waste, hazardous
substances, etc.
Second mortgage: Not permitted
Prepayment Penalties 5 year term: Year 1&2- locked out; Year 3-2 points; Year 4-1 point; Year 5-open
7 year term: Y ears 1, 2 & 3 - locked out; Year 4-3 points; Year 5-2 points; Year 6-1 point; Year 7- open
Underwriting: Full documentation on borrower and property.
Closing time: 45 days from completed Application
BROKERS PROTECTED
Loan Process overview Broker Services
Brokers Employment Loan Officers Realtors Residential Customers
Cohen Commercial Equity a Division of Cohen Financial Group all rights reserved 2006.
Tel: 209-239-5000 .580 N Wilma, Suite E Ripon, CA 95336
