ELIGIBLE PROPERTIES:
Garden, mid-rise and high-rise apartments.

LOAN TERMS:
3, 5, 7 or 10 years.

PREFERRED LOAN SIZE:
$3 million and larger.

MAXIMUM LTV:
80% LTV
75% LTV for loans with less than a 7-year term.

MINIMUM DSCR:
1.25x

INTEREST RATES:
Risk-based pricing that floats over LIBOR or Freddie Mac Reference Bills.

INTEREST RATE CAP:
Included in rate.

AMORTIZATION:
Up to 30 years.  Partial or full term interest-only periods may be available.

PERSONAL RECOURSE:
Non-recourse except for standard carve-out provisions.

TRANSERS/ASSUMPTIONS:
Allowed during the life of the loan subject to CWCapital approval.

PREPAYMENT:
1-year lock-out then 1% thereafter. Declining schedules also available.

CONVERSION OPTION:
Streamlined conversion to fixed-rate loan options available.

SUPPLEMENTAL MORTGAGES:
Available for qualifying properties.

ESCROWS:
Monthly escrows for real estate taxes and property insurance are required.  Escrows for replacement reserves may be required.

APPLICATION FEE:
Greater of $2,000 or 0.1% of the loan amount.

FINANCING FEE:
Typically 1% of the loan amount.

CLOSING EXPENSES:
Standard transaction costs, including legal, title insurance, survey, and appraisal, environmental, and engineering reports..