© 2014 | PRIVACY POLICY

444 Brickell Ave, Suite 51-130

Miami, FL 33131

Miami: 305 676 9891

New York: 212 390 1134

 

 

 

MCS Commercial Capital LLC is not licensed and not able to provide financing offers in all states. Please check with your representative for current up to date state licensing.

 

LOAN PROGRAM

 

Eligible Locations:

 

 

Property Types:  

 

 

Loan Amount:    

 

Loan Term:          

 

Amortization:    

 

Loan to Value:    

 

DSCR :                              

Origination Fee:    

 

Processing Fee &        

Expense Deposit:        

Reserves:          

 

Sponsor/Borrower:

 

Borrowing Entity:

 

Recourse:    

 

Assumability:

 

Prepayment:

MSAs within the U.S. and its territories exhibiting strong economic and property-type specific  

fundamentals

Stabilized property types including Office, Retail, Industrial, Multi-Family and Hotel. Self- Storage    

and Mobile Home Parks will be considered on a case-by-case basis

$3,000,000 to $175,000,000

5, 7 and 10-year loan terms

Typically 30 years (shorter terms may be required based on property type and use)

Up to 75% of FIRREA Appraised Value

 

Minimum 1.25x DSCR on underwritten net cash flow. Mezzanine debt will be permitted case by case basis

None

Processing Fee (may vary depending on transaction). Expense Deposit sufficient to cover    

third party, legal and out-of-pocket expenses  

Tax, Insurance and Replacement Reserves required

Creditworthy individual(s) or entity acceptable to Lender with sufficient liquidity and net worth

Single asset or special purpose entity required depending on loan size

Non-recourse, with the exception of industry standard "bad boy" carve outs

Permitted subject to lender approval and an assumption fee

Defeasance with 2-year lockout and 90 day open period during the 90 days prior to scheduled  

maturity date. Yield Maintenance available on a case-by-case basis