Acquisitions, bridge financing, construction, re-positioning, partner buy-outs, debt re-financing and recapitalizations

provides funding for property acquisitions, bridge financing, construction, re-positioning, partner buy-outs, debt re-financing and recapitalizations. Our general parameters are defined below:

FLOATING RATE MORTGAGE

MEZZANINE

PREFERRED EQUITY

LOAN SIZE

$20,000,000 to $200,000,000

$2,000,000 to $30,000,000

$1,000,000 to $10,000,000

LOAN TERM

Up to 5 years

PROPERTY TYPES

Most asset classes

SECURITY

First Mortgage and UCC Lien in certain circumstances

UCC Lien

Priority Position in the Ownership Entity

LOAN-TO-VALUE

75% and below

Varies by Property Type – Typically 80%, sometimes includes equity kicker

Varies by Property Type – Typically 80-85%, sometimes includes equity kicker

DSCR REQUIREMENT

To be determined on a deal-by-deal basis.

AMORTIZATION

Typically, Interest Only

ORIGINATION FEE

Case-by-case

EXIT FEE

Case-by-case

UNDERWRITING FEE

$7,500, Waived Upon Closing

PREPAYMENT

Minimum Interest on a deal-by-deal basis

Determined on a deal-by-deal basis

RECOURSE

Typically, Non-Recourse

INTEREST RATE

L+3.50%+

L+9.00%+, fixed rate available

L+12.00%+, fixed rate available