Permanent debt is long-term financing secured by stabilized cash flow, structured around the full hold period, not only the lowest coupon.
What We Do
Permanent debt is long-term financing secured by stabilized cash flow, structured around the full hold period, not only the lowest coupon.
When It’s the Right Tool
Life Companies: Sharp pricing for quality assets at moderate leverage with long fixed terms.
Agency Lending: Fannie Mae and Freddie Mac execution for multifamily with leverage and interest-only options.
CMBS: Higher-leverage, non-recourse, fixed-rate execution across major property types.
Banks & Credit Unions: Structure and prepayment flexibility for borrowers who may sell or refinance early.
Representative Market Terms
Parameter | Guideline |
|---|---|
Loan Amount | $1M to $500M+ |
Loan-to-Value | 55–80% by lender type |
Term | 5–30 years |
DSCR | 1.20x–1.35x minimum |
Rate | Fixed or floating |
Amortization | 25–30 years; interest-only available |
Prepayment | Defeasance / yield maintenance / step-down |
Closing | As fast as 30 days; typically 45–60 |
Geography | Nationwide |
The Johnson Capital Edge
Total Market Coverage: Active relationships across every permanent platform surface the strongest available execution.
Competitive Tension: Multiple quotes on every assignment create better pricing and structure.
Hold-Period Strategy: Prepayment and assumability are structured around the intended exit before flexibility is needed.
