Atlas Underwriting
Atlas Underwriting

Lenders & Quotes

Debt-quote matrix · sized to LTV, DSCR & debt-yield limits

Founders Parkway Multifamily
ATL-2040 · Multifamily · Austin, TX
Basis
$131.8M
NOI
$8.5M
Going-in cap
6.5%
Best proceeds
$89.5M
Fannie/Freddie Agency Desk
Lowest rate
5.80%
Fannie/Freddie Agency Desk
Best DSCR headroom
1.30x
Sentinel Life Insurance
Implied LTV
68%
bound by DSCR

Proceeds by lender

Max sized loan · bar tinted when recommended

Agency
$89.5M
CMBS
$84.3M
Life Co
$82.8M
Bank
$76.4M
Bridge
$72.2M

DSCR at sized loan vs. lender floor

Headroom above each lender's minimum coverage

Debt-quote matrix

5 lenders sized to Founders Parkway Multifamily · binding constraint flagged per quote

LenderMax loanLTVDSCRDebt yieldRateIO / TermBinding
Fannie/Freddie Agency Desk
Agency
$89.5M68%1.25x9.5%5.80%2y / 10yDSCR
Cornerstone CMBS Conduit
CMBS
$84.3M64%1.20x10.1%6.60%3y / 10yDSCR
Sentinel Life Insurance
Life Co
$82.8M63%1.30x10.3%6.10%1y / 10yDSCR
Meridian Regional Bank
Bank
$76.4M58%1.25x11.1%7.10%1y / 7yDSCR
Ironbridge Bridge Capital
Bridge
$72.2M55%1.10x11.8%8.90%3y / 3yDSCR

Lender directory

5 active relationships across lender types

LenderTypeMax LTVMin DSCRMin DYRecourseFocus
Fannie/Freddie Agency Desk
Agency75%1.25x7.0%Non-recourseStabilized multifamily · lowest cost of capital
Cornerstone CMBS Conduit
CMBS72%1.20x8.5%Non-recourseAll asset classes · max IO, higher spread
Sentinel Life Insurance
Life Co65%1.30x8.0%Non-recourseCore, low-leverage · fixed rate, conservative box
Ironbridge Bridge Capital
Bridge78%1.10x6.5%PartialTransitional / value-add · full-term IO, floating
Meridian Regional Bank
Bank70%1.25x7.5%FullRelationship balance-sheet · recourse, faster close