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CMBS

Offering fixed rate and floating rate commercial real estate first mortgages. CICG possesses the size and scale to serve as a one-stop commercial real estate finance firm and seamlessly deliver more complex transactions to its clients with certainty of execution.

Fixed Rate Commercial Mortgages

Loan Amount:         $2,000,000 to $500,000,000


Loan Term:              5, 7, and 10 Year


Asset Types:            Multifamily, retail, office,

                                industrial, hotel, and                                   mobile home parks. Other

                                asset classes  considered on

                                a case-by-case basis


Security:                  First mortgage and

                                Mezzanine


Borrower Entity:      Single purpose entity


Loan-to-Value:         Up to 75% of appraised

                                value. Higher leveraged                                 mezzanine transactions

                                considered on a case-by-

                                case basis


Minimum DSCR:        1.30x on CICG underwritten

                                net cash flow.

                                1.25x for multifamily


Amortization:           Generally 30 year


Interest Rate:           Competitive swap based

                                 pricing


Origination Fee:        Generally par


Exit Fee:                    None


Reserves:                   Ongoing TI/LC and CapEx

                                  reserves collected unless  

                                  low leverage and strong

                                  sponsor


Underwriting Fee:      Generally $7,500


Expense Deposit:        Expense deposit adequate

                                   to cover third-party

                                   reports, legal fees, and

                                   other customary costs


Prepayment:              Defeasance or yield-

                                  maintenance


Recourse:                   Non-recourse to Key

                                   Principals except for

                                   customary bad boy carve-

                                   outs


Floating Rate Commercial Mortgages

Loan Amount:         $10,000,000 to $75,000,000


Loan Term:              Typically 2 to 3 years


Asset Types:             Multifamily, retail, office,

                                 industrial, hotel, and

                                 mobile home parks. Other

                                 asset classes considered on

                                 a case-by-case basis


Security:                   First mortgage



Borrower Entity:        Single purpose entity


Loan-to-Value:           Up to 75% of appraised

                                  value. Higher leverage and

                                  mezzanine transactions

                                  considered on a case-by-

                                  case basis


Minimum DSCR:          To be determined on a

                                   case-by-case basis


Amortization:              Interest only


Interest Rate:              Competitive LIBOR based

                                    pricing


Origination Fee:           Generally 1% of loan

                                     amount


Exit Fee:                       Generally 1% of loan

                                     amount. May be waived

                                     if refinance through CICG


Reserves:                      An amount adequate as

                                     determined by borrower

                                     and lender. Future

                                     funding of Reserves may

                                     be available on a case by

                                     case basis


Underwriting Fee:         Generally $7,500


Expense Deposit:           Expense deposit

                                      adequate to cover third-

                                      party reports,

                                      legal fees, and other

                                      customary costs


Prepayment:                  Freely prepayable after

                                      short lockout/yield

                                      maintenance period


Recourse:                      Non-recourse to Key

                                     Principals except for

                                     customary bad boy carve

                                     outs


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