Commercial Mortgage Rates - Week of 9/14/2005
INTEREST ONLY - 3 OR 5 YEAR FIXED PROGRAM
respectively, with a 30 year amortization plus 10 bps.  Fixed for 3 or 5 years then rolls over to 6 MO
LIBOR index plus 2.50 margin, 30 yr amortization, Minimum 1.30 DCR
LIBOR index plus 2.50 margin, 30 yr amortization, Minimum 1.30 DCR


MIXED USE PROPERTIES 5+ APTS UNITS MINIMUM PLUS COMMERCIAL OR
RETAIL SPACE
Mixed-Use is defined as properties where no more than 25% of the current gross potential income
comes from the commercial units and the number of commercial units does not exceed 25% of the
total legal units.  

MOBILE HOME COMMUNITIES
15+ Pads maximum 25% Park Owned models, add 10 basis points to above rates.

GUIDELINES FOR ABOVE PROGRAMS
  • 80% LTV Purchase/Rate & Term Refinance
  • 75% LTV unlimited cash out refinances - Need 2 years ownership in order to offer
    appraised value.  Add 15 basis points for loans greater than 75%
  • Master-Metered Buildings - OK
  • Conversions - OK
  • NO Balloon Payment
  • Up to 30 years term/amortization
  • Credit Risk Score 680 (call to discuss lower)
  • NO Environmental Phase I unless called out for in the appraisal
  • NO Wall Street Legal Expense
  • NO Engineering Report
  • NO Reserve Escrow for Repairs
  • 1.20 DCR
  • NO Defeasance or Yield Maintenance Pre-Payment Penalties
  • NO DTI (Borrower’s Personal Debt To Income)
  • Flat fees


  3 Year
 5 Year
 7 Year
 10 Year
 15 Year Fixed
Par Rate
 6.72%
 6.71%
 6.78%
 6.77%
 7.13%
.5% Rate
 6.97%
 7.05%
 6.98%
 6.93%
 7.26%
1% Rate
 N/A
 7.31%
 7.18%
 7.06%
 7.39%
Pre-Payment
Penalty (loan year)
 4%, 2%
 5%, 4%, 3%, 2
 5%, 4%, 4%, 3%,
2%, 1%
 5%, 5%, 4%,
4%, 3%, 2%, 1%

 5%, 5%, 4%, 4%,
3%, 2%, 1%, 1%
Amortization
 30
 30
 30
 30
 30
Assumption Rate
 1%
 1%
 1%
 1%
 1%
This Week's Rates
Wrightwood Mortgage
Your Wholesale Loan Connection