Originations
Loan Programs
These criteria are guidelines only; terms and structure are customized on a deal-by-deal basis. Property Types: Retail, Office, Industrial, Multifamily, Manufactured Housing, Self-Storage and Hotel.
| First Lien Mortgage Loans | |
|---|---|
| Term | 5, 7, 10 Years |
| Amortization | Up to 30 Years |
| Rate Type | Fixed Rate |
| Interest Rate | Competitive interest rates available; call for current rate quotes |
| Prepayment | No prepayment permitted prior to the earlier of (a) month 36 or (b) two years after securitization of the Loan |
| Loan to Cost | Maximum 80% |
| Loan to Value | Maximum 75% |
| Property Types | Retail, Office, Industrial, Multifamily, Manufactured Housing, Self-Storage and Hotel |
| Recourse | Non-Recourse; Limited to carve-out provisions |
| Standard Reserves | Taxes, Insurance, Replacement Reserves (based on Property Condition Assessment) and TI/LC (if applicable) |
| Assumptions | Multiple permitted for fee of 1% of UPB |
| Fees and Deposits | $5,000 Application Fee $15,000 Third Party Deposit $15,000 Legal Fee Deposit |
| Closing Timing | 30 to 60 days from application |
Offices
Miami
2340 Collins Avenue
Miami Beach, Florida 33139
Email: information@starwood.com
Phone: 305.695.5800
Toll Free: 855.536.3239
Fax: 305.695.5808
Charlotte
4064 Colony Road
Suite 410
Charlotte, North Carolina 28211
Email: information@starwood.com
Phone: 704.973.9063
Toll Free: 855.536.3239
Fax: 704.973.9068
New York
605 Third Avenue
38th Floor
New York, NY 10158
Email: information@starwood.com
Manhattan Beach
1240 Rosecrans Avenue
Suite 120
Manhattan Beach, CA 90266
Email: information@starwood.com
Phone: 949.885.8262
Toll Free: 855.536.3239