Calculate Rates & Premiums
Wholesale 1st Programs
Morgan Stanley
Par Rates: For every 25 bps increase in rate you earn 1 point premium / Add for prepay
5 Year Fixed Rate Par = 250 over the 5 year TCM
7 Year Fixed Rate Par = 250 over the 7 year TCM
10 Year Fixed Rate Par = 250 over the 10 year TCM
25 Year Fixed Rate Par = 250 over the 10 year TCM
Example: 25 year fixed rate: 325 over 10 year TCM w/Declining 10 prepay pays 3 points
New York Life
Par Rate: 25 Year Fixed Par Rate: 10 Year US TCM Index + 275 basis points
For every 25 bps increase in rate you earn 1 point premium – max 3 points premium
Example: 25 year fixed rate: 325 over 10 year TCM w/Declining 10 prepay pays 3 points
City First
One size fit all rate
Example: 25-year amort w/10-year fixed rate at 275 over 10-year TCM w/declining 10 prepay pays 3 points
Impower (504 Alternative) Programs
Impower
3% referral fee
Note: we are not able to add additional origination fees
Impower 95
2% origination fee
1% referral fee
Note: we are not able to add additional origination fees
Terms & Highlights
Loan Type | CRE Purchase or Refinance | CRE Purchase;
Refinance;
Improvements |
1st mortgage
loan amount | No min
Max $10 million | $500 thousand –
$10 million |
Rate | Up to 25-year fixed | 10-year fixed |
Location | Nationwide | California,
Washington, D.C.,
Maryland, Virginia |
Max
Loan-to-Value | 60% | 60% |
Debt Service Coverage Ratio | 1.2 DSCR | 1.20 OC / 1.25 Global DSCR |
Credit Score | 680 FICO | 660 FICO |
Amortization | 25-year
fully amortizing
fixed rates | 25-year amort /
10-year fixed
(10-year term &
30-year amortization
available in
certain industries) |
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