Real Estate Specialty Finance
Customers Bank has a robust program to provide financing to firms originating senior secured loans backed by commercial real estate projects. The bank’s deep understanding of the underlying commercial real estate fundamentals combined with its expertise in developing customized transaction structures provides certainty of execution for a fast and reliable closing process to meet borrower needs.
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Property Types |
Multifamily, office, retail, industrial, for-sale residential, land |
Transaction Types |
Bridge, construction, mini-perm, condominium, land |
Location |
Top 25 MSAs |
Collateral |
Collateral assignment of underlying note and loan documents |
Loan Amount |
$5 million to $50 million with ability for larger loan amounts depending upon strength of transaction |
LTC |
Up to 60% of the underlying transaction |
LTV |
Up to 60% of the underlying transaction |
Interest Rate |
Competitive fixed or floating rates based upon the underlying transaction and leverage |
Origination Fee |
Based on fees in underlying transaction |
Term |
Up to 36 months plus extension options |
Reserves |
As needed based on transaction; reserves to be held at Customers Bank |
Recourse |
Non-recourse with bad act carve-outs |
Prepayment |
Prepayable with minimum interest based on business plan |