Rate/Spread
Chart (Core Plus)
Core Plus Blended
Interest Rate Chart (download
.pdf, 12k)
Measures the effect of adding a B Note and a
C Tranche to a senior conduit loan
(fully amortizing loan C Tranche @17.50%*)
Senior Loan
(Conduit) |
Mezz Cap
(B Note) |
Incremental Cost |
 |
Incremental Cost |
| A Note Rate |
A LTV |
B Note Rate |
B LTV |
Add-On
(bps) |
Blended Rate |
Constant* |
Combined LTV |
Add-On
(bps) |
| Tier 1 $250,000 - $3,000,000 (B Note) |
| 6.50% |
80.00% |
16.75% |
5.00% |
60 |
7.68% |
8.86% |
90.00% |
118 |
| 6.50% |
75.00% |
16.75% |
5.00% |
64 |
7.75% |
8.93% |
85.00% |
125 |
| 6.50% |
70.00% |
16.75% |
5.00% |
68 |
7.83% |
9.02% |
80.00% |
133 |
|
| 7.00% |
80.00% |
16.75% |
5.00% |
57 |
8.13% |
9.21% |
90.00% |
113 |
| 7.00% |
75.00% |
16.75% |
5.00% |
61 |
8.19% |
9.29% |
85.00% |
119 |
| 7.00% |
70.00% |
16.75% |
5.00% |
65 |
8.27% |
9.37% |
80.00% |
127 |
|
| 7.50% |
80.00% |
16.75% |
5.00% |
54 |
8.57% |
9.58% |
90.00% |
107 |
| 7.50% |
75.00% |
16.75% |
5.00% |
58 |
8.63% |
9.64% |
85.00% |
113 |
| 7.50% |
70.00% |
16.75% |
5.00% |
62 |
8.70% |
9.72% |
80.00% |
120 |
|
*Constant is calculated on a 10 year,
fully amortizing C and a 30 year amortizing A and
B.
Core Plus Blended
Interest Rate Chart (download
.pdf, 11k)
Measures the effect of adding a B Note
and a C Tranche to a senior conduit loan
(balloon loan C Tranche @ 17.95%*)
| Senior Loan (Conduit) |
Mezz Cap (B Note) |
Incremental Cost |
|
B & C Incremental Cost |
| A Note Rate |
A LTV |
B Note Rate |
B LTV |
Add-On
(bps) |
Blended Rate |
Constant* |
Combined LTV |
Add-On
(bps) |
| Tier 1 $250,000 - $3,000,000 (B Note) |
| 6.50% |
80.00% |
16.75% |
5.00% |
60 |
7.71% |
8.68% |
90.00% |
121 |
| 6.50% |
75.00% |
16.75% |
5.00% |
64 |
7.78% |
8.75% |
85.00% |
128 |
| 6.50% |
70.00% |
16.75% |
5.00% |
68 |
7.86% |
8.82% |
80.00% |
136 |
|
| 7.00% |
80.00% |
16.75% |
5.00% |
57 |
8.15% |
9.04% |
90.00% |
115 |
| 7.00% |
75.00% |
16.75% |
5.00% |
61 |
8.22% |
9.10% |
85.00% |
122 |
| 7.00% |
70.00% |
16.75% |
5.00% |
65 |
8.29% |
9.17% |
80.00% |
129 |
|
| 7.50% |
80.00% |
16.75% |
5.00% |
54 |
8.59% |
9.40% |
90.00% |
109 |
| 7.50% |
75.00% |
16.75% |
5.00% |
58 |
8.66% |
9.46% |
85.00% |
116 |
| 7.50% |
70.00% |
16.75% |
5.00% |
62 |
8.73% |
9.52% |
80.00% |
123 |
|
*Constant
is calculated on a 30 year amortization.
