Property Types:

Retail/ Office/ Industrial or Flex space
Multifamily/ Mobile Home Park (No Residential Condos)

Investment Amounts:

$10MM - $200MM

Terms:

12-36 Months

Amortization:

Interest Only

Minimum DSCR:

1.25 - 1.50X

Maximum LTC:

90% (Primary Markets)
85% (Secondary Markets)

Recourse:

Subject to project quality and sponsorship strength

Rate Benchmark:

LIBOR

Margin:

100 - 350 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.

Sponsorship Liquidity:

Minimum of 10% of project costs.

Third Party Reports:

Phase I - Environmental Survey
MAI Appraisal

Application Fee:

$1200

Funding:

45 days from complete due diligence package