FINANCE COMMERCIAL REAL ESTATE WITH SL CAPITAL


CMBS Lending

SL Capital facilitates the underwriting, closing and sale of Fixed & Floating rate CMBS Loans. We service commercial mortgage brokers & borrowers from quote through close – anywhere in the United States.


  • Non-Recourse CMBS Loans
  • Average closing time within 30 days
  • Up to 75% Loan-to-Value
  • 5, 7 & 10 year Fixed Rate CMBS loans available
  • Par pricing
  • 30 year amortization schedule
  • Finance various commercial property types including: Office, Retail, Hotel, Multi-family, Industrial, Self-Storage & Mobile Home Parks
  • CMBS loan is assumable if property is ever sold

CMBS Loan Services

Around-the-clock service from SL Capital designed to help you navigate the CMBS Loan process.

  • Accurate CMBS Loan pricing
  • Prepare executable Term Sheets for Borrower to execute
  • Produce required Borrower Documentation & Loan Application
  • Participate in the CMBS Loan approval process
  • Maintain regular contact with the Borrower between application and closing
  • Inform Borrower of the status of the CMBS Loan Application and gather any additional information as needed
  • Ensure timely deal closing and dispersement of funds
  • Provide continued support to Borrower after closing
  • Consult on future funding needs

Download CMBS Fixed & Floating Rate ProgramDownload PDF | CMBS

CMBS Fixed Rate Lending Program

CMBS Floating Rate Lending Program

Eligible LocationsMSA's within the U.S. and its territories.MSA's within the U.S. and its territories.
Property TypesOffice, Retail, Industrial, Multi-Family, Hotel. Self-Storage, Mobile Home Parks & Student Housing. High quality property types including Office, Retail, Industrial, Multi-Family and Hotel. Self-Storage and Mobile Home Parks to be considered on a case-by-case basis
Loan Amount$3,000,000 to $250,000,000+$10,000,000 to $200,000,000+
Loan Term5, 7 and 10-year loan terms3-year Initial Loan Term with Two 1-Year Extension Options
Amortization20 - 30 years. Interest Only period availableTypically 30 years (shorter terms may be required based on property type and use)
Loan To Value (LTV)Up to 75% of FIRREA Appraised ValueUp to 80% of FIRREA Appraised Value
Debt Service Coverage Ratio (DSCR)Minimum 1.25x DSCR on underwritten net cash flow. Mezzanine debt will be permitted up to a 1.10x DSCRMinimum 1.25x DSCR on underwritten net cash flow. Mezzanine debt will be permitted up to a 1.05x DSCR
Origination FeeNone1-2% of Loan Amount
Processing Fee & Expense Deposit$5,000 Processing Fee (may vary depending on transaction)Expense Deposit sufficient to cover third party, legal and out-of-pocket expensesTBD
ReservesGenerally Tax, Insurance and Replacement Reserves requiredGenerally Tax, Insurance and Replacement Reserves required
Sponsor (Borrower)Creditworthy individual(s) or entity acceptable to Lender with sufficient liquidity and net worthCreditworthy individual(s) or entity acceptable to Lender with sufficient liquidity and net worth
Borrowing EntitySingle asset or special purpose entity required depending on loan sizeSingle asset or special purpose entity required depending on loan size
RecourseNon-recourse, with the exception of industry standard "bad boy" carve outsNon-recourse, with the exception of industry standard "bad boy" carve outs (potential partial recourse)
AssumabilityPermittedPermitted subject to lender approval and an assumption fee
PrepaymentDefeasance with 2-year lockout and 90 day open period during the 90 days prior to scheduled maturity date. Yield Maintenance available on a case-by-case basis2-year lockout followed by declining prepayment fees; open for six months prior to maturity
Mezzanine FinancingPermittedPermitted