Permanent financing includes a range or interest rate types and terms.
Common fixed rate financing consists of loans with 7 or 10 year terms and 80% LTV. Rates are typically fixed at a spread over treasuries. Amortizations run as long as 30 years and IO periods are available. Prepayments are defeasance, yield maintenance or declining scale. StreetMac™ has relationships with the premier capital sources for these loan types including conduits, banks and life companies.
Typical adjustable rate options are priced at LIBOR plus a spread and are offered through one of our banking investor relationships. With StreetMac ® you will have the advantage of being able to benchmark a variety of options in a way that lets you choose highly competative terms and rates.