Permanent mortgage loans are debt instruments evidencing long term financing for stabilized commercial real estate. These mortgages can be self amortizing or have a balloon payment at a specified point during the term and offer an exit strategy for debt retirement of construction loans, bridge loans, interest only loans, etc. The debt instrument can be structured as fixed rate, adjustable rate, recourse or non-recourse representing the interest rate schedule and the borrowers personal guarantee or lack thereof for the indebtedness created by giving the lender a mortgage against the underlying real estate and executing a note memorializing the outstanding balance and the liability for repayment. 

Multifamily, Hotel, Assisted Living Facilities, Industrial, Mixed Use, etc. 

60-80% LTV/LTC (depending on CRE Asset Class) 

Loan Term: 5-15 years 

Amortization: 20-30 years

Fixed

Adjustable 

Full Doc 

Recourse 

Non-Recourse 

Balloon 

No Balloon

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