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Warren Hitchcock(NorthMarq) Secures Loan For MultiFamily Asset In Houston
MultiFamily176.1K sqf
Uc
Unknown life insurance company
$572M
Financed
25
Closed
352K
Area
About
Life insurance companies invest in commercial real estate by offering long-term, fixed-rate loans with competitive interest rates. These loans typically have non-recourse terms, with loan sizes starting at $1 million and going up to $2 million or more. The loan terms can range from 10 to 30 years, with amortization periods up to 25 years. The maximum LTV (Loan-to-Value) ratio is usually between 65% and 75%, and the minimum DSCR (Debt Service Coverage Ratio) is typically 1.25x. Prepayment premiums may apply, and the loans are often assumable. Life insurance companies focus on high-quality properties, such as apartment, industrial, retail, and office buildings, and may also consider hospitality properties under certain circumstances.
Top Deals
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Illinois | Office
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New York
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California | MultiFamily
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Texas | MultiFamily
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New York | Retail
Focus
Loan
Markets
Texas
FAQs
Unknown life insurance company has financed 49 deals.
Unknown life insurance company's most recent deal was on September 17, 2019.
Unknown life insurance company's largest deals include a loan of $150,000,000.00 for 400410 Michigan Avenue, Chicago, IL....
Member since: October 2024