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Capital Markets Financing Commercial real estate first mortgage debt is generally broken down into two basic categories: (1) loans to be securitized (“CMBS loans”) and (2) portfolio loans. While the majority of community banks strictly handle smaller portfolio loans, ICB Capital Markets has established a niche in packaging and sponsoring capital market solutions for our customers and transactional real estate investors/developers. These securitized loans represent the fastest growing segment in the commercial real estate financing marketplace and offer longer terms (10 year fixed), longer amortizations (potentially full term interest only), lower pricing and limited or no personal guarantees. With the efficiencies of the marketplace and the historic low loan loss experience in these capital markets, there has never been lower interest rate spreads and effective rates on long term fixed rate financing. Understanding that volume drives activity and the fact that Wisconsin does not have the deal flow of a New York or California marketplace, ICB Capital Markets serves as a local source in offering big city financing solutions with small town service. Working as a correspondent and direct issuer with a number of national leading CMBS issuers and portfolio lenders, ICB has the ability to assist our customers in analyzing and attaining the most advantageous financing package for their real estate portfolio.  As the only Wisconsin based bank to be a member of the two primary trade associations, Mortgage Bankers Association (MBA) and Commercial Mortgage Securities Association (CMSA), ICB is committed to offering big city financial solutions with small city service. Typical terms of CMBS financing include 10 year fixed rate loans with amortizations of up to 30 years with optional interest-only periods. These loans are very competitively priced at a 1.00% to 1.50% spread over the 10 year US Treasury rate. In addition to the long-term fixed rate, CMBS does not require the traditional personal guaranty of the owner. CMBS is applicable to virtually any commercial real estate. Multi-family, retail, office and warehousing are all viable options. While loans as small as $500,000.00 can be financed with CMBS, the target loan size is $3,000,000.00 and up. For more information on CMBS or conduit financing, please click the CMSA logo above. Complimenting the full CMBS / conduit product outlined above, ICB Capital Markets offers securitized and portfolio loans for multi-family housing at levels as small as $500,000. While the smaller loans are not as aggressively priced, 1.20% spreads over ten (10) year U.S. Treasury rates are not uncommon. Ten year fixed rate portfolio options are available with recourse levels (guarantee amounts) driven by loan-to-values. Whether an owner or a prospective borrower, call ICB to better understand how our smaller dollar multi-family loan program may benefit you. If you are interested in any of these programs, please contact one of our business banking professionals in our business banking department today at (920) 686-9998. We will be happy to discuss your business banking needs. Multifamily Finance -Advantage Program- Take advantage of low, longer term interest rates for your multifamily investments with limited cost. Click here(*1) to learn about program details. (File is 218K and requires Microsoft PowerPoint to view) -Access Program- Access very competitive rates long term rates to maximize your investment income with your multifamily portfolio. Click here(*1) to learn about program details. (File is 478K and requires Microsoft PowerPoint to view) Conduit Financing / Commercial Mortgage Backed Securities (CMBS) Helpful Links CMSA - Commerical Mortgage Securites Association Dedicated to improving the liquidity of commercial real estate debt securities through access to the captial markets http://www.cmsaglobal.org/ MBA - Mortgage Bankers Association The Mortgage Bankers Association seeks to create an environment that enables its members to invest in communities and achieve their business objectives. http://www.mbaa.org/ ICSC - International Council of Shopping Centers The International Council of Shopping Centers (ICSC) is the global trade association of the shopping center industry and links with more than 25 national and regional shopping center councils throughout the world. http://www.icsc.org/ NAIOP - National Association of Industrial and Office Properties The National Association of Industrial and Office Properties (NAIOP) is the nation's leading trade association for developers, owners, investors, asset managers and other professionals in industrial, office and mixed-use commercial real estate. http://www.naiop.org/ NMHC - National Multi Housing Council NMHC is a national association representing the interests of the nation's larger and most prominent apartment firms. http://www.nmhc.org/ RER - The Real Estate Round Table The Real Estate Roundtable is the organization that brings together leaders of the nation's top public and privately-held real estate ownership, development, lending and management firms with the leaders of major national real estate trade associations to jointly address key national policy issues relating to real estate and the overall economy. http://www.rer.org/ Notice: Investors Community Bank is not responsible for, and has no control over the subject matter, content, information or graphics of the websites that are linked here. Please contact the bank with concerns or comments. |
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