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Banc Agency Series Standard
Delivery Apartment Loan Rates |
| Fixed |
Rate |
DSC |
Amort |
LTV |
| 5 yr |
6.17 |
1.55x |
30 yr |
55% |
| 5 yr |
6.33 |
1.35x |
30 yr |
65% |
| 5 yr |
6.47 |
1.20x |
30 yr |
80% |
| 7 yr |
6.29 |
1.55x |
30 yr |
55% |
| 7 yr |
6.45 |
1.35x |
30 yr |
65% |
| 7 yr |
6.59 |
1.20x |
30 yr |
80% |
| 10 yr |
6.34 |
1.55x |
30 yr |
55% |
| 10 yr |
6.50 |
1.35x |
30 yr |
65% |
| 10 yr |
6.64 |
1.20x |
30 yr |
80% |
| 30 yr |
6.87 |
1.55x |
30 yr |
55% |
| 30 yr |
7.03 |
1.35x |
30 yr |
65% |
| 30 yr |
7.17 |
1.20x |
30 yr |
80% |
|
Rates Updated Daily by 12 P.M.
EST. |
|
Banc Agency Express Series
Apartment Loan Rates |
| Fixed |
Rate |
DSC |
Amort |
LTV |
| 5 yr |
6.21 |
1.55x |
30 yr |
55% |
| 5 yr |
6.37 |
1.35x |
30 yr |
65% |
| 5 yr |
6.51 |
1.20x |
30 yr |
80% |
| 7 yr |
6.30 |
1.55x |
30 yr |
55% |
| 7 yr |
6.46 |
1.35x |
30 yr |
65% |
| 7 yr |
6.60 |
1.20x |
30 yr |
80% |
| 10 yr |
6.35 |
1.55x |
30 yr |
55% |
| 10 yr |
6.51 |
1.35x |
30 yr |
65% |
| 10 yr |
6.65 |
1.20x |
30 yr |
80% |
| 30 yr |
7.11 |
1.55x |
30 yr |
55% |
| 30 yr |
7.20 |
1.35x |
30 yr |
65% |
| 30 yr |
7.31 |
1.20x |
30 yr |
80% |
|
Rates Updated Daily by 12 P.M.
EST. |
|
--
Minimum loan size $500,000
-- Loan sizes below $750,000 are subject to pricing
adjustments
View
pricing guidelines |
|
Banc Plus Series 3 Year Fixed-Rate ARM |
| Fixed |
Rate |
Term |
Amort |
Buy Down |
| 3 yr |
6.26 |
4 yr |
30 yr |
100 BPS |
| 3 yr |
6.47 |
4 yr |
30 yr |
50 BPS |
|
Rates Updated Daily by 12 P.M.
EST. |
|
-- Pricing assumes property is located in strong
economic market
-- Maximum LTV 75% for purchase and 70% for cash out
refinances
View
pricing guidelines |
|
Banc Plus Series 5 Year Fixed-Rate ARM |
| Fixed |
Rate |
Term |
Amort |
Buy Down |
| 5 yr |
6.51 |
6 yr |
30 yr |
100 BPS |
| 5 yr |
6.65 |
6 yr |
30 yr |
50 BPS |
|
Rates Updated Daily by 12 P.M.
EST. |
|
-- Pricing assumes property is located in strong
economic market
-- Maximum LTV 75% for purchase and 70% for cash out
refinances
View
pricing guidelines |
|
Banc Plus Series 7 Year Fixed-Rate ARM |
| Fixed |
Rate |
Term |
Amort |
Buy Down |
| 7 yr |
6.81 |
8 yr |
30 yr |
100 BPS |
| 7 yr |
6.93 |
8 yr |
30 yr |
50 BPS |
|
Rates Updated Daily by 12 P.M.
EST. |
|
-- Pricing assumes property is located in strong
economic market
-- Maximum LTV 75% for purchase and 70% for cash out
refinances
View
pricing guidelines |
|
Banc-Series Mezzanine B Note |
| Coupon |
Rate |
Term |
Fee |
Points |
| 5 yr |
13.65 |
5 yr |
$1,000 |
1% |
| 7 yr |
13.45 |
7 yr |
$1,000 |
1% |
| 10 yr |
13.45 |
10 yr |
$1,000 |
1% |
|
Rates Updated Daily by 12 P.M.
EST. |
-- Minimum loan size
$3,000,000.
-- Rates quoted assume a 1% rate buy down. Add
approximately 16 -25 BPS to the rate for PAR pricing.
-- Rates quoted assume most attractive rates
available under the respective programs and assume:
excellent property quality, strong sponsorship,
excellent management and strong market conditions.
Add 30 BPS to rate if more than one of the
conditions are not met.
-- Prepayment is yield maintenance up to 6 months to
the end of loan term, followed by 3 months of 1%
outstanding balance, then 3 months of open
prepayment.
-- Prepayment for 30 year fixed rate option is yield
maintenance of 15 years then a 1% prepay for 14.5
years and then open for prepay with no penalty. |
 |
-- Loan sizes
$500,000-$3,000,000
-- Loan sizes below $750,000 are subject to pricing
adjustments.
-- Rates quoted assume a 1% rate buy down. Add
approximately 16-25 BPS to the rate for PAR pricing.
-- Rates quoted assume most attractive rates
available under the respective programs and assume:
excellent property quality, strong sponsorship,
excellent management and strong market conditions.
-- Prepayment is yield maintenance up to 6 months to
the end of loan term, followed by 3 months of 1%
outstanding balance, then 3 months of open
prepayment.
-- For a declining percentage prepay add
approximately 20 BPS to the rate. |
|
|
-- Minimum loan size
$300,000
-- Maximum LTV is 80%. For loans above 75% LTV add 12.5 BPS to
the rate.
-- Rates fixed for the terms quoted. Upon
conversion, rate will adjust to the 6 month LIBOR
plus 2.50%.
-- Floor is initial interest rate.
-- Interest only payment options require a rate
increase of 12.5 BPS.
-- Rates quoted assume a 60 day forward lock.
-- Prepayment is a declining percentage fee:
5 year fixed: 3, 3, 3, 0
5 year fixed: 5, 4, 3, 2, 1,0, 0
7 year fixed: 5, 5, 4, 4, 3, 2, 1, 0
10 year fixed: 5, 5, 4, 4, 3, 3, 2, 2, 1, 1, 0 |
| A combined 85% CLTV
is available with an in-house Mezzanine B Note,
available only for qualified borrowers and
properties. |
-- Minimum combined
DSCR of 1.05x.
-- 700 minimum credit score required.
-- B Note has a $100,000 minimum - $400,000 maximum
loan size. |
-- Minimum loan size
$250,000.
-- Loans sizes below $500,000 add 25 BPS to the rate
-- 25,000 minimum population requirements
-- Rates quoted assume a 1% rate buy down
-- Credit scores below 660 add 25 BPS to the rate.
-- Maximum LTV is 80% for both purchases and
refinances.
-- Rates fixed for the terms quoted. Upon
conversion, rate will adjust to the 6 month LIBOR
plus 2.00%.
-- Floor is initial interest rate minus 1.0%.
-- Rates quoted assume a 60 day forward lock. $500
lock fee required.
-- Prepayment is a declining percentage fee:
3 year fixed: 3, 2, 1
5 year fixed: 5, 4, 3, 2, 1
At the end of the respective fixed period, loan will
reset at the prevailing market rate and will reset
at the same interval for the life of the loan.
-- Rate is locked 8 days prior to closing. 60 day
rate lock is available. |
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