Cascades Overlook Refinance

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USAA Real Estate Company

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Date09/03/2021
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
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  • Executed Confidentiality Agreement Received
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DEAL TRACKING COMMENTS
DateComment
09/09/2021OM Sent -- pwitham
09/21/2021Loan Request: $39,000,000 subject to a maximum third-party MAI LTV of 65.00% Term: 5 years I/O: 5 years Amortization: None Pricing: +210 over the five-year UST, currently 0.80% based on today's treasuries Floor Rate: 2.85% based on today's treasuries Flexible Prepay: Stepdown during the final three years of the loan (2%, 1%, last 12 months open at par) and T+50 on the YM calculation Structure: None Other: Rate lock at term sheet available. Processing Fee (non-refundable): 10 bps Rate Lock Deposit (refundable): 2.00% -- pwitham