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PERMANENT LOAN – Various Lending Sources
Spreads
range from 260
bps to 300 bps over
the comparable Treasury.
CONSTRUCTION
LOAN – Various Lending Sources
Variable
rate spread typically 200
bps over
the 6-month LIBOR, with a
fixed
spread of 250
bps or over
the comparable Treasury.
PERMANENT
LOAN – Wall Street Conduit
Spreads
range from 325
bps to 375 bps over
the comparable Treasury.
PERMANENT
SMALL LOAN –
Wall Street Conduit
Spreads
range from 325
bps to 375 bps over
the comparable Treasury.
PERMANENT
LOAN – Fannie Mae/ DUS
Spreads
range from 230
bps to 300 bps over
the comparable Treasury.
MEZZANINE
LOAN - Wall Street Conduit
Interest
rates vary, minimum of 13%.
INTERIM
LOAN - Wall Street Conduit/ Comm. Bank
Spreads
range from 200
bps to 300 bps over
the 30-day LIBOR.
CREDIT
TENANT LEASE -
Wall Street Conduit / Life Co. / Credit Co./ Private
Spreads
range from 230
bps to 300 bps over the
comparable
Treasury
depending on credit rating.
EQUITY
– Institutional and Private
Preferred return of 11% to 20%.
Note: The spreads and rates listed above are indicative of those offered
as of the above mentioned date. Such rates are to be taken in consideration
only with the debt and equity programs as described and outlined in the PC
Financial Program Guide. Each rate assumes a maximum loan for a maximum
term and will vary per property type. In many cases, discounted pricing
may be offered for lower leveraged transactions. Spreads and rates are
subject to change without notice. This Program Rate Sheet is for
discussion purposes only and is not a commitment. This Program Rate Sheet
is delivered to you in strict confidence, with the understanding that it
will be used solely to facilitate transactions with PC Financial
Corporation and will not be shared by you with any competition of PC
Financial Corporation or third party (other than proposed borrowers).
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