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| Property Types: |
Limited & Full Service, Extended Stay |
| Loan Amounts: |
$6MM & Up |
| Terms: |
5-10 Years |
| Amortization: |
15-30 Years |
| Minimum DSCR: |
1.50X |
| Maximum LTV: |
70% |
| Recourse: |
Non-Recourse |
| Rate Benchmark: |
US TSY/ SWAP Rates |
| Margin: |
250bps and up |
| Geographic Location: |
Nationwide |
| Prepayment Penalty: |
YTM or Defeasance |
| Closing: |
Borrowing Entity - Single Purpose Entity
Escrows- Required for Taxes and Insurance |
| Third Party Reports: |
PCA- Property Condition Report
Phase I - Environmental Survey
MAI Appraisal |
| Application Fee: |
None |
| Funding: |
45 days from complete due diligence package | |
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| Back to Lending Programs
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