Commercial Real Estate Overview
- 1. Please contact your Private Banker for more information. • Morgan Stanley’s Commercial Real Estate (CRE) Lending Group originates loans ranging from $5MM to $1Bn+ • Morgan Stanley has offices relating to CRE origination in New York, Los Angeles, Dallas, Florida and Washington D.C. • Morgan Stanley’s CRE Lending Group originates both fixed- and floating-ratecommercialrealestateloans.MorganStanley’sinter- est in the loans may in the future be transferred to a securitization vehicle or otherwise sold, or at Morgan Stanley’s election be held for investment • Since 1997, Morgan Stanley CRE Lending (Americas) has origi- nated ~$150Bn of commercial real estate loans – Property types: Generally high-quality, stabilized property types including Office, Retail, Industrial, Multifamily, Hospitality, Self-Storage and Mobile Home Parks – Term: 5-year, 7-year and 10-year (longer terms available under certain circumstances) – Amortization: 25-30 years – Maximum LTV: 75% (approximately 70% LTV for highly rated hotels) • In 2013, Morgan Stanley closed 215 loans totaling approximately $7.6Bn: ~$6.05Bn fixed rate, ~$1.51Bn floating rate • In2014,MorganStanleyclosed219loanstotalingapproximately $11.9Bn: ~$7.2Bn fixed rate, ~$4.7Bn floating rate • Morgan Stanley is a leader in bringing new products to, and responding to changes in, the US commercial real estate lend- ing markets: – Reputation for high-quality transactions with top-tier sponsors on a repeat basis – Experience in all CRE asset types – Core senior management team has been together at Morgan Stanley for over 12 years – Offers speed and quality of execution for complex CRE transactions • With a 20+ year track record at Morgan Stanley, the CRE Lend- ing Group is a premier commercial mortgage origination and debt trading franchise • Commercial real estate loans are subject to the underwriting standards and independent approval of Morgan Stanley Bank, National Association by the Commercial Real Estate Lending Group Credit Committee. Commercial real estate loans may not be available in all locations. Rates, terms and conditions are subject to change without notice. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend © 2015 Morgan Stanley Smith Barney LLC. Member SIPC. CRC1030875 12/14 CS 8080005 01/15 Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services. Investment services are offered through Morgan Stanley Smith Barney LLC. Unless specifically disclosed in writing, investments and services offered through Morgan Stanley Smith Barney LLC are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, a bank and involve investment risks, includ- ing possible loss of principal amount invested. Commercial Real Estate Lending Group Overview