Products
Angel Oak Commercial Lending products cover small balance, senior, bridge, term and mezzanine loans in almost every asset class nationwide directly or through an affiliate entity. Angel Oak believes that its broad spectrum of products allows its experienced underwriting team to provide a solution that meets most borrower’s needs.
| Financing | Terms |
|---|---|
| Rate: | Floating |
| Term: | 24–60 months |
| Coupons: | Market spread over SOFR |
| Fees: | Varies |
| Property Type: | Retail, Office, Self-Storage, Multifamily, Mixed-Use, Light Industrial, Hospitality |
| LTV: | Up to 80% |
| DSCR: | 1.0x with reserves |
| Prepayment: | Flexible |
| Geography: | Nationwide |
| Recourse: | No |
| Transaction Types: | Transitional properties; Repositioning; Lease-up; Capital improvements |
| Financing | Terms |
|---|---|
| Rate: | Fixed |
| Term: | 60–120 months |
| Coupons: | Market based over swaps |
| Orig. Fees: | Varies |
| Property Type: | Multifamily, Retail, Office, Industrial, Mixed-Use, Self-Storage |
| LTV: | Up to 75% |
| DSCR: | 1.20x |
| Prepayment: | Defeasance/Yield Maintenance |
| Geography: | Nationwide |
| Recourse: | No |
| Transaction Types: | Stabilized properties; CMBS; CMBS alternative; Insurance quality lower leverage |
| Financing | Terms |
|---|---|
| Rate: | Fixed to Floating |
| Term: | 36–120 months |
| Coupons: | 5.50%–7.00% |
| Orig. Fees: | 1.0%+ |
| Property Type: | Retail, Office, Self-Storage, Multifamily, Mixed-Use, Light Industrial |
| LTV: | Up to 75% |
| DSCR: | 1.15x + |
| Prepayment: | Flexible declining |
| Geography: | Nationwide |
| Recourse: | Yes |
| Transaction Types: | SBA 504 1st mortgages; SBA look alike loans with senior mortgage security; Smaller income producing multi-family and generic CRE |
The product terms contained herein are representative only and are subject to change from time to time without notice.