For borrowers considering traditional fixed rate financing, Essex Capital Markets offers a wide array of lending connections. Fixed rate loans are ideal for those seeking stability in their repayment schedules, providing a shield against the unpredictability of interest rate fluctuations in the capital markets.
Our financing professionals have the expertise and insight to help you select the right loan with the right terms for your needs. We’re also ready to evaluate your overall financing strategy and tailor it specifically to your goals. Call an Essex Capital Markets financing advisor today to learn more.
Loan Amount – $2MM and up.
Term – 3, 5, and 10-year options available.
Max LTV – 80% contingent on asset type and disposition strategy.
Amortization – 25/30 year plus full-term interest only in certain cases.
Fees – 1-3%.
Recourse – Depending on risk profile, recourse and non-recourse options are available.
Rates – Contact us for current pricing.
DSCR (Debt Service Coverage Ratio) – 1.20:1.
Prepayment – Yield maintenance or defeasance.
Asset Type – Multi-family, student housing or senior housing.
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CONTACT US
Essex Capital Markets, LLC
2718 W. Roscoe St.
Suite 100A
Chicago, IL 60618
Phone: 773.305.4900
Fax: 773.305.4901