Services

Morning Axe Management was formed to offer creative financing solutions with the execution certainty that clients deserve. We have expertise in all major commercial real estate asset classes, including multifamily, hotels, office, retail, student housing, senior housing, self-storage and industrial.

Penn Loan Program

DEAL PROFILE

Fixed rate commercial and multifamily mortgage loans for stabilized properties

PROPERTY TYPES

All major property types including industrial, multifamily, self-storage, retail, office, and student & senior housing.

LOAN SIZE

$10-$30 million

LOAN TERM

5, 7, 10, 12, & 15 year

AMORTIZATION

25/30 Year Amortization Schedule

LTC/LTV

Up to 70% LTV

DSCR

Minimum 1.20x DSCR

PREPAYMENT

Yield Maintenance with flexible prepayment options

RECOURSE

Non-Recourse, except for Standard Commercial Carve-Outs

MARKETS

Primary and secondary markets across the US

RATE LOCK

90-day rate lock at application with good faith deposit

LOAN STRUCTURE

Minimum DSCR Covenants, Tax/Insurance Impounds, TI/LC/Cap X Reserves, Etc.

ORIGINATION FEE

1%

For more information, please contact TJ Heither at orginations@morningaxe.com.