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COMMERCIAL LOAN PRODUCTS

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• We offer fixed and floating rate loans from $5 million to $500 million.
• We offer loans for stabilized as well as soon-to-be stabilized assets.
• We provide capped application costs, streamlined documentation fixed and floating rate loans from $500,000 to $10 million in our Advantage Program, with flexible prepayment options.

 

Loan Amount
Fixed rate loan: $5,000,000 minimum. Floating rate loan: $5,000,000 minimum.

Term
Fixed rate loan: 5, 7, 10-year term, with flexible prepayment options. Floating rate loan: Up to 5 years, with an initial term of two or three years and extension options.

Prepayment
Fixed rate loan: Typically defeasance, yield maintenance available in certain circumstances.
Floating rate loan: Negotiated on a deal-by-deal basis.

Eligible Properties
Retail, office, industrial, multi-family, mobile home parks, hotels and self-storage for fixed and floating rate loans.

Loan-to-Value
Typically 80% and with mezzanine financing up to 90% for fixed and floating rate loans.

Amortization
Fixed rate loan: maximum 30 years (interest-only periods available). Floating rate loan:
Interest only.

Recourse
Non-recourse, subject to standard “carve-outs” on fixed and floating rate loans.

Spread/Interest Rate
Fixed rate loan: Spreads are updated daily and fixed over the corresponding Treasury.
Floating rate loan: Based on a spread over 30-day LIBOR with spreads updated daily.

Interest Rate Caps
Borrowers may be required to purchase an interest rate cap on floating rate loans.

Origination/Exit Fees
Generally, a fee ranging from 0.5% to 1.0% for floating rate loans.

Assumable
Permitted, subject to approval and an assumption fee for fixed and floating rate loans.


Countrywide Commercial does not currently offer construction loans, nor loans secured by land, fast food franchises/restaurant-only properties, single-family housing developments, condominium developments and/or conversions. In certain circumstances, minor property rehabilitation and/or tenant build-out for otherwise income-stabilized properties can be accommodated.
For more information, view our Loan Guidelines


1031 Exchange Transactions
Countrywide Commercial provides our 1031 borrowers the dual benefit of aggressively structured 1st mortgages and highly-leveraged financed options to bridge syndication. Our 1031 exchange borrowers profit from the CC team's pioneering expertise in program structure, and from their extensive network in this structure.  Learn more
 

Exclusions
Countrywide Commercial currently does not offer loans secured by land, fast food franchises/restaurant-only properties, single-family housing developments, condominium developments and/or conversions. Countrywide Commercial does not offer construction loans, although in certain circumstances minor property rehabilitation and/or tenant build-out for otherwise income-stabilized properties can be accommodated..
Equal Housing Lender. ©2008 Countrywide Bank, FSB, Countrywide Commercial Real Estate Finance Division. Member FDIC. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.