McCary Stevens Associates, Inc.Commercial mortgage underwriters
McCary Stevens Associates, Inc.
Commercial mortgage underwriters
MSA offers mortgage brokers, bankers and their borrowers a full range of commercial mortgage loans nationwide on:
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(Will vary over time; please call for updates)*
| Property types: | Fixed rate spreads: | Debt service coverages: | MaximumLoan to values: |
| Multifamily | call for details | 1.25x - 1.50x | 75% |
| Retail | call for details | 1.25x - 1.50x | 75% |
| Industrial | call for details | 1.25x - 1.50x | 75% |
| Office | call for details | 1.25x - 1.50x | 75% |
| Hotel | call for details | 1.45x - 1.75x | 70% |
| Self storage | call for details | 1.35x - 1.60x | 75% |
| Congregate care | call for details | 1.25x - 1.50x | 75% |
| Nursing homes | call for details | 1.30x - 1.50x | 75% |
| Mobile homes | call for details | 1.25x - 1.50x | 75% |
| Loan Size: | $2.5 million to $50 million. |
| Rate: | fixed rate. |
| Term: | 5 to 25 year terms with up to 30 year amortizations. |
| Loan to Value: | 75% LTV maximum (80% LTV for some properties). |
| Recourse: | non-recourse except for standard environmental and representation carve outs. |
| Markets: | nationwide, including secondary and tertiary markets. |
| Fees: | 1.0% to .75% -- to mortgage broker, banker, 0% to 1.0% -- to lender (includes MSA fee) |
| Rate lock: | 60 day lock: .25% fee or .04% added to spread with 3% refundable deposit, 30 day lock: .12% fee or .02% added to spread with 3% refundable deposit. (assumes 10 year loan term; this pricing subject to change) |
| Property types: | existing multi-family, retail, office, industrial, hotel, congregate care, nursing homes, mobile homes and self storage. |
| Underwriting structure: | includes tenant improvement, leasing commission and building reserves escrowed as appropriate. |
* slightly more conservative parameters for loans $15 million and larger. Smaller loans priced slightly higher.
Click here for our:
Initial information checklist, to quote a deal, or
Preliminary information checklist to commit a deal.
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Please contact us for details.
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750 Main Street, Hartford, CT 06103
(860) 761-1000; www.mccarystevens.com