CSV Mortgage Capital, a provider of first-mortgage financing on commercial real estate, has rolled out a new first-mortgage lending platform. The program will provide first mortgages up to 65% loan-to-value to borrowers with qualifying properties.
CSV parameters allow for the origination or purchase of loans ranging in amounts from $20 million to $50 million per individual transaction, and up to $150 million per transaction for large portfolios. All asset types are considered, excluding hotels, which will only be considered if included in a portfolio of diverse assets. CSV will purchase or acquire mostly floating-rate loans, but will consider purchasing fixed-rate loans with maturities no greater than 10 years.
SOURCE: CSV Mortgage Capital