PERM SENIOR SUMMARY 

MTY Capital, Inc. can tailor the right solution to meet your commercial real estate financing objectives. Our fixed rate loan program focuses primarily on assets with stable cash flows, and typically exhibits conservative loan structures including amortization, reserves, moderate loan to value (LTV) ratios, strong debt yields (DY), and debt service coverage ratios (DSCR). MTY is a balance sheet lender will be at you side through the lifetime of the loan. We understand that flexibility matters, and we design terms that meet your needs.

TARGET MARKETS:

Primary and secondary U.S. markets

PROPERTY TYPES:

Multi-tenant office, retail, industrial, multi-family (no development or land),         student housing and flagged hospitality (in select markets), self-storage,    assisted living and manufactured housing

LOAN TYPE:

5, 7, and 10 Year Fixed

LOAN TO VALUE / LOAN TO COST:

Up to 80%

INTEREST RATE:

4.5 – 6% (based on risk, structure and transaction profile)

PREPAYMENT:

Yield Maintenance or Step Down; open last six months

LOAN SIZES:

$20,000,000 – $200,000,000

ORIGINATION FEE:

Par

DSCR REQUIREMENT:

1.25x for commercial, and 1.20x for multifamily

RECOURSE:

Typically non-recourse, with standard carve outs

RESERVES:

Taxes, Insurance, Replacement Reserve (based PCR),                                           TI/LC (if applicable) and FF&E (if applicable)

AMORTIZATION:

Up to 30 year Amortization; Interest Only on deal-by-deal basis

TURN AROUND TIME:

Preliminary terms within 48 hours of submittal of information. An application can be issued within 7 days of approval of preliminary terms.

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