?>

Loan Programs

CMBS Programs

UC Funding provides competitive Conduit financing for acquisition or refinance of all types of commercial properties nationwide.

UC Funding provides competitive Conduit financing for acquisition or refinance of all types of commercial properties nationwide. The CMBS Program is designed for: Multifamily, Retail, Office, Industrial, Self Storage and Hotel/Hospitality properties.

CMBS Programs
LOAN AMOUNT

$1,000,000 minimum
ELIGIBLE BORROWER

Single asset special purpose entity.
LOAN TERM

3, 5, 7 or 10 years
TAX AND INSURANCE ESCROWS

Monthly deposits required
AMORTIZATION

Up to 30 years
REPLACEMENT RESERVES

Monthly deposits required
MINIMUM DSC

1.20
RECOURSE

Non-recourse with standard exceptions for fraud and misrepresentation.
MAXIMUM LTV

90%
REQUIRED REPORTS

Narrative MAI Appraisal, Property Condition Assessment and Phase I Environmental.
INTEREST RATE

Fixed and adjustable rate options on an Actual / 360 basis.
PREPAYMENT

Limited prepayablity, including partial lockouts, defeasance or yield maintenance.
ELIGIBLE PROPERTY

Nationally located Apartments, Office, Retail, Hospitality, Industrial. No land development or special use projects.
ASSUMABLE

Subject to approval and fee.
Multifamily

Garden style, mid and high rise. Detached or attached projects with five or more units.
SUBORDINATE FINANCING

Mezzanine/Preferred Equity allowed subject to approval.
Retail

Anchored or unanchored retail projects.
RATE LOCK

Early lock options available.
Office

Class A, B, or C located in Central Business Districts or suburbs.
APPLICATION DEPOSIT

Covers estimated transaction costs (including Processing Fee)
Industrial

Single tenant and multitenant facilities.
ORIGINATION FEE

Par Pricing available.
Self Storage

Self Storage and mini-storage facilities with a minimum of 50 units.
CLOSING DEPOSIT

1% of Loan Amount due at commitment acceptance refunded at closing less legal fees.