Rate/Spread
Chart (Core)
A/B Note Blended Interest Rate Chart
Measures
the effect of adding a B Note to a senior conduit
loan
| Senior Loan (Conduit) |
Mezz Cap
(B Note) |
Combined Loan |
Incremental Cost |
| |
|
|
|
Blended |
Combined |
|
| A Note Rate |
A LTV |
B Note Rate |
B LTV |
Rate |
LTV |
Add-On (bps) |
| Tier 1 $250,000 - $3,000,000 |
| 6.50% |
80.00% |
16.75% |
5.00% |
7.10% |
85.00% |
60 |
| 6.50% |
75.00% |
16.75% |
5.00% |
7.14% |
80.00% |
64 |
| 6.50% |
70.00% |
16.75% |
5.00% |
7.18% |
75.00% |
68 |
|
| 7.00% |
80.00% |
16.75% |
5.00% |
7.57% |
85.00% |
57 |
| 7.00% |
75.00% |
16.75% |
5.00% |
7.61% |
80.00% |
61 |
| 7.00% |
70.00% |
16.75% |
5.00% |
7.65% |
75.00% |
65 |
|
| 7.50% |
80.00% |
16.75% |
5.00% |
8.04% |
85.00% |
54 |
| 7.50% |
75.00% |
16.75% |
5.00% |
8.08% |
80.00% |
58 |
| 7.50% |
70.00% |
16.75% |
5.00% |
8.12% |
75.00% |
62 |
|