CMBS Conduit Loans
6.74%
10-Year Fixed · Non-Recourse
Ideal for stabilized hotels, multifamily, office, and industrial. LTV up to 75%, 25–30 year amortization. Rate locked at application.
CMBS · SBA 504 · SBA 7(a) · USDA B&I
First Realty Capital arranges non-recourse CMBS, SBA, and USDA B&I loans for income-producing properties across Florida, Texas, Tennessee, Georgia, North Carolina, and South Carolina. Term sheets in 5–7 business days.
Loan Programs
We match each deal with the right capital source — minimizing your cost of debt and maximizing loan proceeds across five core programmes.
Ideal for stabilized hotels, multifamily, office, and industrial. LTV up to 75%, 25–30 year amortization. Rate locked at application.
Convert SBA 7(a) at 9.50% floating to CMBS fixed. PIP renovation funds escrowed at closing — no out-of-pocket capital required to satisfy brand mandate.
50% bank first lien + 40% CDC debenture fixed for 20–25 years. Best for owner-operated hotels, ALFs, and medical offices. Max $5.5M CDC portion.
Up to 90% LTV for hotel acquisition and construction. Consider CMBS refinance after stabilization to lock out prime rate risk — save $80K–$150K/year.
Up to 80% government guarantee on rural commercial loans. 30-year fixed terms, max $25M. Ideal for rural ALFs, hotels, and agribusiness in FL, TX, TN, GA, NC, SC.
Run a DSCR analysis, capital stack optimization, and RevPAR Monte Carlo simulation on any property — instantly.
Rate Relief Opportunity — April 2026
With CMBS 10-year fixed rates at 6.74%, hotel owners carrying SBA 7(a) debt can save $80,000–$150,000 per year — per property — while locking out prime rate volatility for an entire decade.
Target Markets
We specialize in commercial mortgage origination across six high-growth Sun Belt states, with deep knowledge of local hotel supply pipelines, ALF demand, and SBA program availability.
Top Markets: Miami, Orlando, Tampa, Fort Lauderdale, Naples, Jacksonville, Fort Myers, West Palm Beach
RevPAR growth +3.4% YoY. Largest hotel PIP pipeline in FRC target region. USDA B&I eligible rural zones in Osceola, Gilchrist, and Lafayette counties.
Top Markets: Dallas/Fort Worth, Houston, Austin, San Antonio, El Paso
Highest RevPAR growth in our region (+4.1% YoY). DFW and Austin supply pipelines absorbing well. Strong corporate demand base.
Top Markets: Nashville, Memphis, Knoxville, Chattanooga
Fastest RevPAR growth in our target region (+5.2%). Nashville is the #1 HOT sub-market nationally. Memphis and Knoxville have strong refi maturity pipeline.
Top Markets: Atlanta, Savannah, Augusta, Macon
Atlanta is a top-5 US CMBS hotel market. Savannah's ADR growing fastest in state (+5.3%). High concentration of 2015–2017 vintage select-service assets.
Top Markets: Charlotte, Raleigh/Durham, Asheville, Greensboro
Charlotte and Raleigh among the strongest job-growth metros in the Southeast. Asheville is a premium leisure market with limited new supply.
Top Markets: Charleston, Myrtle Beach, Columbia, Greenville
Charleston ADR among highest in state. Myrtle Beach seasonal demand drives strong RevPAR peaks. Greenville-Spartanburg corridor growing rapidly with BMW, Michelin.
Property Types
CRE Finance Insights
Submit your loan scenario and get a preliminary CMBS, SBA, or USDA B&I term sheet in 5–7 business days.
No obligation. No upfront fees. Loans from $1M to $50M.
Common Questions
Most conduit lenders require a minimum of $2 million. First Realty Capital also arranges SBA 7(a) and SBA 504 loans from $500,000 for smaller transactions.
Preliminary term sheets are delivered in 5–7 business days. Full loan commitment typically follows within 45–60 days of a complete application.
Yes — standard CMBS conduit loans are non-recourse to the borrower, with limited carve-outs for fraud and environmental issues (so-called “bad boy” guarantees).
Yes. First Realty Capital structures CMBS PIP refinances where renovation funds are escrowed at closing, satisfying the brand mandate without requiring out-of-pocket capital.
Our primary markets are Florida, Texas, Tennessee, Georgia, North Carolina, and South Carolina — with nationwide capability for deals above $5M.
The USDA Business & Industry Guaranteed Loan Program provides up to 80% government guarantee on rural commercial loans up to $25M, fixed for 30 years.