| Property Types: |
Multifamily, Office, Industrial, Anchored Retail |
| Investment Amounts: |
$3-$50MM |
| Terms: |
12-36 Months |
| Ammortization: |
Interest Only |
| Minimum DSCR: |
1.25 - 1.50X |
| Maximum LTC: |
75% (Primary Markets)
65% (Secondary Markets) |
| Recourse: |
Subject to project quality and sponsorship strength |
| Rate Benchmark: |
Libor |
| Margin: |
200 - 450 basis points |
| Geographic Location: |
Nationwide |
| Closing: |
Borrowing Entity- Single Purpose Entity required
Prepayment- open
Escrows- Required for Taxes and Insurance |
| Sponsorship: |
Previous experience in asset type required/ Net Worth > Loan Amount |
| Sponsorship Liquidity: |
Minimum of 10% of project costs. |
| Third Party Reports: |
Phase I - Environmental Survey
MAI Appraisal |
|
| Application Fee: |
None |
| Funding: |
45 days from complete due diligence package |
