COMMERCIAL RATE SHEET 

MULTI-FAMILY:

       

Conventional: "B"

190-230

75%

1.25

30

Conventional: "C"

210-230

75%

1.30

30

Rent Subsidized/

240-260

70%

1.35

25

RETAIL

       

Anchored Strip

225-265

75%

1.25

25

Unanchored Strip

235-275

70%

1.30

25

Free Standing

225-265

75%

1.30

25

Community Centers

225-265

70%

1.30

25

Outlet Centers

235-275

65%

1.40

25

INDUSTRIAL:

       

Multi-Tenant

235-275

75%

1.25

25

Single-Tenant

245-285

75%

1.25

25

Light Industrial

255-295

70%

1.25

25

Flex

275-295

70%

1.35

25

SUBURAN OFFICE

       

Class "B"

265-315

70%

1.35

25

Class "C"

265-315

70%

1.40

25

Hotel:

       

Flagged, Limited Services

345-395

70%

1.40

20

HEALTHCARE:

       

Congregate Care

240-280

75%

1.30

25

Assisted Living

255-295

70%

1.35

25

Nursing Homes

285-325

70%

1.40

25

OTHER:

       

Investment grade Tenant (i.e., AA-BBB)

120-190

98%

1.05

*

Self Storage

255-325

70%

1.35

25

Mobile Homes

220-250

75%

1.25

25

NOTES

Loan Size: $2 Million-$15 Million (Smaller or Larger with CHARTER approval)

Orig. Fees to Charter Financial 1%

Recourse: Non-Recourse except for standard carve-outs

Assumption: Once during loan term; 1% fee

Subordinated Debt: Under limited circumstances approved by CHARTER

Reserves: 1.25x of deferred maintenance, Insurance/Tax reserves

Age: 1980 Construction or later preferred

Occupancy: Minimum 85%

Underwriting NOI Based on historical operating results & current leases